General insurers cut losses 41 percent to Sh3.7 billion

General underwriters trimmed their losses 41.3 percent in 2022 to Sh3.7 billion from a wider loss of Sh6.3 billion the year before.

New data from the Insurance Regulatory Authority (IRA) shows the marine and transit class marked the largest improvement in operations, returning a profit of Sh545.1 million in the year from a loss of Sh99.3 million previously.