Explico Insurance News Today

Resolution Insurance has entered the liquidation phase.

When it comes to shipping goods from one place to another, businesses face a multitude of risks. From theft and damage to accidents and natural disasters, the perils that goods in transit can encounter are numerous.

In the current digital age, our lives have become too intertwined with electronic gadgets. As such it is essential to ensure that your devices are insured, from smartphones to laptops to entertainment systems and all the gadgets in between.

In the dynamic business landscape, unforeseen challenges can emerge unexpectedly, as such safeguarding your business against potential risks is not just prudent – it's a strategic imperative.

Lenders intensified their efforts at recovering unpaid loans from defaulters with petitions for courts to dissolve defaulters doubling.

Seven insurance firms face fines from the regulator after missing the deadlines for submitting records of their business performance.

Fines to insurers for various breaches, including late payment of claims and failure to submit audited accounts tripled to Sh56.9 million.

A creditor has moved to court seeking to wind up Xplico Insurance over an undisclosed outstanding debt, adding to the woes of the company.

The Insurance Regulatory Authority (IRA) stopped the Resolution deal, which in principle looked like an indirect takeover by Xplico owners, without offering reasons.

Matatu owners ditched Xplico Insurance shrinking its market share of the public service vehicle industry by almost two-thirds.