"Legal" Broker Rewards

KING PRICE are a unique South African insurance company with client premiums that decrease monthly. In 2017, client required a sensitive “rewards” activation for brokers of external brokerage firms - awarded on the completion of specific sales targets. Legally, insurance companies have a strict monetary threshold to adhere to when “rewarding external brokers” - or it's viewed as bribery. The legal monetary threshold is not much at all however, there is no mention legally of the pomp and ceremony around the presentation of these small rewards to external brokers. A royal red carpet roll out, equipped with throne, jester, joker and royal entourage made King Price’s ‘legal rewards programme’ a real experience for every well performing external broker.