Kenya’s Insurance Regulatory Authority (IRA) reported 91 cases of fraud in 2018, decreasing by 60.15% in one year. The total cost of these offences is estimated at 310.4 million KES (2.9 million USD).
Motor insurance accounted for 22% of the cases detected by IRA.
Also, 19 insurance frauds were committed by insurance agents during the same year..
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The primary purpose of the Insurance Institute of Kenya (IIK) is to serve the Kenyan insurance industry. It does achieve this fete by empowering its…
The insurance industry is facing a number of challenges and opportunities especially on fast changing consumer needs as well as emerging trends such as mobile…
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By Jane Onimbo “The only thing worse than training your employees is not training them and having them stay” -Henry Ford Capacity building may be…
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