Corporate News
Insurance firms set to punish reckless drivers
CIC Insurance Ltd managing director, Nelson Kuria. Photo/FILE
By BD Reporter
(email the author)
Posted Wednesday, February 10 2010 at 00:00
Posted Wednesday, February 10 2010 at 00:00
Other than providing current data on motorists, the Integrated Motor Insurance Data System is expected to effectively to deal with fraudulent claims that have made underwriting especially of the public service vehicles a nightmare.
The motor insurance sector in post independence Kenya was once on this premium pricing model, before cut throat competition in the mid eighties saw players turn to uniform pricing.
But faced with ever growing accident statistics, consensus appears to be fast building among motor underwriters that it’s about time they reverted full scale to driver’s conduct denominated premiums.




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