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Browsing: Medical insurance in Kenya
- The Insurance Regulatory Authority has revealed that claims paid in the general insurance business hit KSh 16.85 billion ($142 million) in the first quarter of 2022
- The report further revealed that medical, motor private, and motor commercial had the highest amounts of paid claims at 46.3 per cent, 25.9 per cent and 19.5 per cent, respectively
- Claims incurred in the general insurance business amounted to KSh 18.43 billion during the period under review
- The high premium volume classes of the general insurance business – medical, motor private and motor commercial, contributed the largest proportions of incurred claims
A new report by the Insurance Regulatory Authority has revealed that claims paid in the general insurance business hit KSh 16.85 billion in the first quarter of 2022, marking a 13.3 per cent increase compared to the same period last year when insurers paid claims worth KSh 14.88 billion.
The report further revealed …
