Chubb Life Insurance Company Ltd. 安達人壽保險有限公司
8 months' jail for ex-Chubb Life duo for conspiring with dummy insurance agent to launder HK$270k in commissions
ICAC, 19-Dec-2023
ICAC, 19-Dec-2023
Duo charged with money laundering for allegedly conspiring with dummy insurance agent to handle HK$270k commissions
ICAC, 19-May-2023
Another alleged "handling agent" scam. It seems that life insurers will pay out extra commissions if their agent can name a third party handling agent who introduced the business, rather than just diverting part of the commission from the primary agent to the handling agent. This is an obvious incentive to create dummy handling agents.
ICAC, 19-May-2023
Another alleged "handling agent" scam. It seems that life insurers will pay out extra commissions if their agent can name a third party handling agent who introduced the business, rather than just diverting part of the commission from the primary agent to the handling agent. This is an obvious incentive to create dummy handling agents.
Dummy ex-Chubb Life insurance agent admits money laundering for handling HK$270k commissions
ICAC, 7-Dec-2022
The unnamed ringleaders are apparently still at large. The ICAC says "Two insurance agents of Chubb, including a cousin of his, had recruited him to take part in the scam".
ICAC, 7-Dec-2022
The unnamed ringleaders are apparently still at large. The ICAC says "Two insurance agents of Chubb, including a cousin of his, had recruited him to take part in the scam".
Duo posed as dummy Chubb Life insurance agents charged with money laundering for handling HK$1.2m commissions
ICAC, 5-Jul-2022
Yet another case in which fake referrals were allegedly used to collect additional commissions in this highly lucrative industry, for the salesforce, that is. For clients? Not so much.
ICAC, 5-Jul-2022
Yet another case in which fake referrals were allegedly used to collect additional commissions in this highly lucrative industry, for the salesforce, that is. For clients? Not so much.
Ex-ACE Life Insurance manager charged with HK$330k bonus fraud
ICAC, 6-Dec-2019
In the pyramid-selling game of the HK life insurance industry, Ann Kwong Sau Mei is alleged to have faked the credentials of a "down-line agent" in order to meet her bonus target of running 9 down-line agents. The insurer is now known as Chubb Life Insurance Co Ltd.
ICAC, 6-Dec-2019
In the pyramid-selling game of the HK life insurance industry, Ann Kwong Sau Mei is alleged to have faked the credentials of a "down-line agent" in order to meet her bonus target of running 9 down-line agents. The insurer is now known as Chubb Life Insurance Co Ltd.
Ex-sales manager of ACE (now Chubb) Life Insurance charged with commissions fraud; 5 people charged with pretending to leave HK to cash out their MPF.
ICAC, 10-Jul-2018
ICAC, 10-Jul-2018
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