Browsing: Kenya’s General Insurance Business

  • General Insurance business paid claims worth $430 million (Sh53.25 billion) between July – September, a 13.4 precent increase compared to $379 million (Sh46.97 billion) paid in the same period last year. 
  • Medical, motor private and motor commercial had the highest amounts of paid claims at 44.5 percent. 
  • The insurers reported claims incurred amounting to $459 million (Sh56.85 billion during the period under review. 

Kenya’s General Insurance Business paid claims worth $430 million (Sh53.25 billion) between July and September, a 13.4 precent increase compared to $379 million (Sh46.97) billion paid in the same period last year.

The Insurance Regulatory Authority (IRA) Quarter 3 statistics report indicate that medical, motor private and motor commercial had the highest amounts of paid claims at 44.5 percent (Sh23.67 billion), 24.6 percent (Sh13.12 billion) and 21.5 percent (Sh11.43 billion) respectively jointly constituting 90.6 percent of all claims paid by general insurers.

The insurers reported claims incurred …