THE STANDARD
NEWS
NAIROBI, KENYA: Shareholders of Kenya Reinsurance and ScanGroup will have to wait longer to know the financial health of the firms, which have announced they will delay the release of last year s results. The firms were expected to announce the financials by the end of last month as per the Capital Markets Authority regulations.
In newspaper notices, both Kenya Reinsurance and Scangroup, say they will release the results by end of May. The firms join Crown Paints, which also alerted shareholders and investors to expect the results before June 15 of this year.
Kenya-Re’s Company Secretary Charles Kariuki attributed the delay to a change in actuarial valuation methodology, in respect to unearned premium reserves and claims reserves to an approach recommended by the Insurance Regulatory Authority.
Home-based Covid-19 care cuts costs 70pc
Summary
The government last year rolled out home-based care for Covid-19’s asymptomatic patients to cut huge hospitalisation bills as well as ease pressure on isolation centers and hospitals.
For this to happen, patients were to present asymptomatic or mild-to-moderate symptoms, comorbidities absence and access to a suitable space for home-based isolation.
Since the policy was introduced, Kenyans have been spared huge medical bills they would have otherewise paid in hospitals and isolation centers managements.
Wednesday May 12 2021
By KEVIN ROTICH
Summary
The government last year rolled out home-based care for Covid-19’s asymptomatic patients to cut huge hospitalisation bills as well as ease pressure on isolation centers and hospitals.
Compulsory Third Party (CTP) insurance is supposed to help people like Troy.(9News)
Switching off the smoking engine of the four-wheel drive, Mr Logan helped occupants out, calming a panicked toddler whose unconscious mother lay over him in the back of the family car and reassuring another boy trapped in the rear shelf.
Then, in long grass nearby, Mr Logan discovered a man in his 20s groaning with severe head injuries after being thrown from the car in the crash.
Flagging down emergency services and directing bystanders, Mr Logan cradled the young man in his arms, used a towel to try to stem the bleeding from his head, and consoled him as his condition worsened.
Passed NHIS Bill still has gaps to be addressed
May 5, 2021 Written by ALHAJ KADDUNABBI IBRAHIM LUBEGA
On March 31, 2021, Members of Parliament passed the National Health Insurance Scheme (NHIS) bill, which seeks to provide universal healthcare to all Ugandans.
However, before its’ passing, the state minister of health Robinah Nabbanja had made it clear to the House that the bill in its current state needed to be withdrawn, pending consultations from stakeholders.
My feeling, though, is that instead of withdrawing the bill, the minister ought to have asked for some more time before parliament considers the bill.
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Nonetheless, the minister informed the House that there was still need to
NSE dip cuts life insurers’ earnings by Sh10 billion
Tuesday May 04 2021
By ELIZABETH KIVUVA
Falling shares value on the Nairobi Securities Exchange (NSE) #ticker:NSE wiped out nearly a quarter of the income earnings of life insurers, new data by the Insurance Regulatory Authority (IRA) shows.
The insurers saw the worth of their shares drop to Sh35.86 billion last year from Sh46.58 billion the previous year on market volatility due to the economic knocks of the Covid-19.
“The decline in the value of equities was mainly due to volatility in the capital market caused by Covid-19 pandemic,” the IRA said in the industry’s quarter four release.