THE STANDARD
OPINION
ODM leader Raila Odinga [2nd left] joins the NHIF Chief Executive Officer Dr. Peter Kamunyo and other Coastal leaders during the launching of NHIF sponsorship program at Treasury Square in Mombasa.[Omondi Onyango,Standard]
Good health is an essential ingredient for economic growth. A nation cannot develop unless its citizens are healthy. Consequently, the government is making sustained efforts to ensure access to quality healthcare for all.
Alongside setting up infrastructure and equipping medical facilities, attention has also been directed towards affordable healthcare and effective health insurance. By having medical insurance, individuals and their dependants, are assured of medical attention when unwell. It is essential to build a healthy nation and provide a sense of comfort and peace of mind. Insurance shields families from economic shocks that come with serious and prolonged illness.
Prudential acquires IAA for an undisclosed price
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TERMS OF REFERENCE BROKERAGE OF MEDICAL SCHEME, GPA/GLA/WIBA SCHEME, AND MOTOR VEHICLE INSURANCE
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Car insurance accounts for 50pc policies cancelled
Tuesday July 06 2021
Summary
Car insurance accounted for more than half of the 87,699 policies cancelled last year as vehicles sat idle following Covid-19 movement restrictions that also hit cash flow and seizure of loan defaulter’s properties.
The Insurance Regulatory Authority (IRA) data shows that Kenyans cancelled 48,235 car policies that saw premiums on cars drop Sh2.3 billion.
Motorists owning private cars had the highest number of cancellations of 36,572 policies while commercial segment was second with 11,663 policy cancellations.
Car insurance accounted for more than half of the 87,699 policies cancelled last year as vehicles sat idle following Covid-19 movement restrictions that also hit cash flow and seizure of loan defaulter’s properties.
Cytonn: Assess regulatory failure, upgrade of the law
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