Insurers owe policyholders Sh39bn in delayed payments
Policyholders’ claims, also known as non-liability claims, have surged by a third from Sh29.73 billion.
Source: nation.africa
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Regulator punishes 10 insurance firms, triples industry fines
Fines to insurers for various breaches, including late payment of claims and failure to submit audited accounts tripled to Sh56.9 million.
Source: businessdailyafrica.com
CAK forces 18 insurers to pay service providers
The competition watchdog has forced 18 insurance companies to pay Sh38 million to 20 vehicle repairers and five motor assessors.
Source: businessdailyafrica.com
Investors gear up to tap lucrative data centre services market
According to the project’s founder David Murimi, they are currently seeking approval from Nema, Warma and other government agencies as they prepare to buy excess hydro power from Kengen.
Source: pd.co.ke
Directline takes 77 percent of matatu insurance
The leading matatu insurer collected Sh3.1 billion in premiums in the period, giving the company 76.9 percent of the sector market share.
Source: businessdailyafrica.com