AAR ranked most profitable firm in general insurance

AAR Insurance Kenya has been ranked as the most profitable underwriter in the country, paying the smallest fraction of premiums as claims from customers in the general insurance business. The firm’s claims ratio was the lowest at 37.7 percent in the quarter ended June, according to statistics from the Insurance Regulatory Authority (IRA).

Lower claims means an insurer is likely to make a profit from the underwriting business after taking into account other operating expenses.