GA Insurance Limited will not provide comprehensive covers for at least six motor vehicle models in Kenya, citing unacceptable losses from the policies. The firm has written to its business partners, saying it will no longer issues covers for Toyota Probox, Toyota Succeed, Toyota Sienta, Toyota Passo, Toyota Porte and all Suzuki models valued at less than Sh1 million.
“After a comprehensive review of our motor private book and the loss trends, we wish to communicate that there are vehicles whose usage has been misemployed and therefore have proven to be a challenge when settling claims,” the company wrote in the letter dated October 21.
