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Criminal syndicates are using stolen IDs, fake deaths, and corrupt officials to rake in millions from life insurance

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GUEST - Garth de Klerk, CEO of the Insurance Crime Bureau

Mortuaries, hospitals, old age homes, and the homeless are some of the targets that the syndicates of the dubbed “death industry” operate in. They do this by bribing their connections.

Criminal syndicates recruit runners to buy identity documents of dead people. The kingpin will then insure them (insuring the dead person’s ID) and “kill” them again in order to pocket millions.

3 Jun 2025 7AM English South Africa Business News · Investing

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