Fraudulent claims are estimated to constitute a fifth of the total claims made, with medical covers being the main target.
By
George Ngigi
Correspondent
Nation Media Group
Old Mutual Holdings lost Sh106.4 million due to fraud last year, revealing the pain cons are causing insurance companies.
Fraud remains one of the most persistent and expensive challenges. According to the Insurance Fraud Investigation Unit, 184 cases…
KCB blocked fraud attempts worth Sh141.1 million in 2025 and cut fraud-related write-offs sharply.
Old Mutual becomes the second insurer this year to use share premium to clear its accumulated losses.
Kenya’s healthcare costs are projected to grow by 13.5 percent in this year, up from 9.8 percent in 2023, according to Aon…
MUA says in the latest review of operations in 2025 and the first quarter of 2026 that the under-capitalisation of the Kenyan arm…
Faulu has struggled with profitability, having gone for six years without a profit since Sh387.54 million posted in 2019.
