IRA
Insurance Claims Inflict Sh39B Pain On Companies In Just 3 Months
Kenya's insurance industry paid insurance claims worth Ksh39.1 billion in the first quarter of 2023, representing a 6% increase compared to the same...
BILL YAURA
Underwriters Predict A Tech-driven Insurance Sector
Technology will be a key driver of microinsurance in Africa as insurers close the protection gap in driving the inclusive insurance agenda. Speaking...
BT Reporter
Insurance Industry Reports a Fall In Third Quarter Claims
The insurance industry reports that claims in the period July to September 2022 declined by 12% to 1.8 million compared to two million...
BT Reporter
Independent Post-Retirement Medical Schemes To Be Regulated
The Retirement Benefits Authority (RBA) has announced the formation of stand-alone and umbrella Post-Retirement Medical Funds (PRMFs) Regulations. Post-retirement medical schemes can now be registered...
BT Reporter
General Insurance Claims Hit Ksh70 Billion In Q4 2021
The General Insurance market reported claims incurred amounting to Ksh70.14 billion during the fourth quarter of 2021. This was an increase of 22.3...
BT Reporter
Nine Insurers Fined For Delaying Claims Payments
The Insurance Regulatory Authority (IRA) has fined nine insurers Ksh17.6 million for late payment of claims, failure to submit audited accounts and premium...
FRANCIS MULI
Insurance Premiums Hit Ksh144 Billion in Q2 of 2021
Insurance premiums went up by 19 percent in the second quarter of 2021 to hit Ksh144.02 billion compared to Ksh121.04 billion in Q2,...
FRANCIS MUTINDA
Moroccan Firm Acquires Majority Stake In Monarch Insurance
Subject to the requisite regulatory approvals, Holmarcom Insurance Activities will become the majority shareholder of the Monarch Insurance Company with a stake of...
BT Reporter
Insurance Industry Gross Premiums Rise by 6% to Sh229bn
The industry net profit increased significantly by 108.0% from Ksh7.27 billion to Ksh15.12 billion in 2019.
Samuel Gitonga
