Tag: Resolution Insurance
Xplico Insurance Faces Collapse Weeks After Resolution
The insurance company has in the past year been dogged by consumer complaints, regulatory woes and boardroom wrangles over ownership.
Resolution: What’s Next for Stranded Customers
“Resolution Insurance owed creditors, had incurred claims worth Sh2.5 billion, and had collected premiums worth Sh4.1 billion as of December 31, 2020. The majority around Sh3.5 billion comes from medical business,” the Insurance Regulatory Authority (IRA) noted.
Resolution Insurance Clients to Get Upto Ksh250,000 Each – How to Claim
The collapse of Resolution Insurance followed its failure to settle claims or honor obligations to creditors. There had been mounting complaints from consumers to the IRA over alleged breaches of contracts.
The Fall of Resolution Insurance
On Tuesday, April 5, the Insurance Regulatory Authority (IRA) confirmed the worst as it announced that the firm had entered receivership due to failure to meet capital adequacy requirements.
mTek App Digitizing Insurance Amid Covid-19 Pandemic
Just like any other industry, the insurance sector is witnessing a seismic shift towards the adoption of new technologies
Cushioning Loved Ones and Assets Against Terrorism
Businesses, property, construction, motor vehicles and your medical insurance can all be catered for under the political violence and terror covers.
Future of insurance lies in innovation
Insurers should constantly be on the lookout for partnership opportunities across the board to help diversify and appeal to a larger target.
Wellness key to health and happiness, says insurer
Resolution Insurance says wellness is an active process of becoming aware of and making choices toward a healthy and fulfilling life
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