A surge in road accidents, vehicle repairs and car thefts handed motorists and victims a record Sh44.83 billion in insurance compensation in the year to December, raising fears premiums could rise.
The bill, which captures payouts for accidents, damages, and theft, marks a 37.1 percent rise from Sh32.7 billion a year earlier, continuing the trend that has seen general insurers go for years without underwriting profits from issuing covers to private and public vehicle owners.
