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Wednesday, December 10

Browsing: Bima Intermediaries Association of Kenya(BIAK)

There’s no single Insurance company in Kenya that has complained of delayed premiums or in effect named any of those that could be delaying their premiums. They are simply not paying insurance claims because they have mismanaged their finances. It is also important to point out that since the entry of banks into the insurance field, Bancassurance in Kenya, a lot of bad blood has been created, mainly caused by the banks encroaching on and forcing clients to take up insurance with them. Banks never remit insurance premiums to insurance companies in Kenya unless when forced to do so. Any insurance company doing business with a bank can attest to this. They simply do not follow the insurance rules as stipulated.

The storm inside Kenya’s insurance sector

Opinion 24.06.2019

By Washington Ndegea In the year of our Lord Two thousand and Eighteen, the Treasury Secretary Henry Rotich strode to…