News Africa26 Apr 2021

Kenya:Customers paid US$35m in premiums that did not reach insurers

26 Apr 2021

Businesses, households and individuals have spent KES38.1bn ($35.2m) on non-existent insurance covers following delays in remitting premiums to insurers. The KES38.1bn is equivalent to 16.3% of the KES232.9bn gross premiums that Kenya's insurance firms underwrote last year.

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