According to Minet Kenya, while the medical insurance industry recorded a growth of 0.65% in gross premiums, claims incurred over the same period increased by 12%
The company has this financial year increased its claims reserve to Ksh 1 billion compared to about Ksh 450 million reserved in 2017, a move that will likely depress the company’s profitability
Platform was launched two years ago in Kenya and has already contracted over 530 healthcare facilities across Kenya and nearly 1 million users.
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