NHIF to settle bills after use of private cover businessdailyafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessdailyafrica.com Daily Mail and Mail on Sunday newspapers.
Companies’ group insurance payments drop to 6-year low
Summary
Association of Kenya Insurers (AKI) chief executive Tom Gichuhi said the job losses witnessed last year led to declines in group life premiums given that a few companies were able to maintain or increase staff size.
Monday May 03 2021
Association of Kenya Insurers Executive Director Tom Gichuhi (left), AIG Insurance Kenya MD Catherine Igathe (centre) and Zep Re Managing Director Hope Murera during the East Africa Insure Tech Forum at the Nairobi Serena Hotel on September 19, 2019. PHOTO | DIANA NGILA | NMG
By PATRICK ALUSHULA
Summary
Association of Kenya Insurers (AKI) chief executive Tom Gichuhi said the job losses witnessed last year led to declines in group life premiums given that a few companies were able to maintain or increase staff size.
Insurers earn Sh1.3bn as Covid cut hospital visits
Summary
Medical insurers in Kenya posted a record Sh1.3 billion in underwriting profits last year on slowed healthcare claims, as patients avoided hospitals for fear of contracting the coronavirus.
Latest data from the Insurance Regulatory Authority (IRA) shows that medical insurance firms rebounded from years of losses compounded by rising hospital bills claims.
Tuesday April 13 2021
By OTIATO GUGUYU
Summary
Medical insurers in Kenya posted a record Sh1.3 billion in underwriting profits last year on slowed healthcare claims, as patients avoided hospitals for fear of contracting the coronavirus.
Latest data from the Insurance Regulatory Authority (IRA) shows that medical insurance firms rebounded from years of losses compounded by rising hospital bills claims.
Thieves Stealing Vehicle Parts For Precious Metals kenyans.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kenyans.co.ke Daily Mail and Mail on Sunday newspapers.
THE STANDARD By
Macharia Kamau |
February 23rd 2021 at 10:09:22 GMT +0300
Competition Authority of Kenya Director General Wang’ombe Kariuku (left) consulting with Joyce Karanja-Ng’ang’a, Partner at Bowmans, Coulson Harney LLP,
The insurance industry is under the spotlight after the Competition Authority of Kenya (CAK) flagged the numerous instances of delays in remitting payments to suppliers.
This is in addition to other practices that are detrimental to suppliers, many of them small businesses.
The authority, which has an oversight role on how large companies relate with their small and medium enterprises (SME) suppliers, cited the insurance firms for abuse of buyer power, where a company has considerable sway and can dictate terms of engagement with a supplier.