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CIC General boss Fred Ruoro on weathering climate storms and insuring vehicles profitably
CIC General Insurance Managing Director Fred Ruoro speaks during the unveiling of the Group’s Motor Insurance proposition at the Sarova Stanley Hotel in Nairobi on April 23, 2024.
The insurance sector has faced a fair share of shocks in 2024 including claims arising from floods and street protests as well as customers defaulting on premiums due to economic hardships.
The Business Daily spoke to CIC General Insurance managing director Fred Ruoro on the cost of floods and anti-tax demos on the insurer as well as the silver lining in the shocks and the pricing of climate change-related risks going forward.
