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..
Covid-19 disease has had a major impact on most sectors of the economy. The World Health Organisation (WHO) has advised on simple but effective measures…
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…
By Simon Gitonga Gichane We are almost two months to the end of the Year 2021 and it’s amazing how time flies. For those who…
A crisis is an event that interrupts the normal business operations, puts pressure on the organization, and threatens its very existence. A crisis can be…
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