Insurers’ losses up on more hospital visits

Insurance Regulatory Authority CEO Godfrey Kiptum. FILE PHOTO | NMG

Two-thirds of medical insurance firms posted underwriting losses in the nine months to September when more people started going back to hospitals seeking treatment and consultations.

The performance marks a reversal of the boom seen in the same period a year earlier when 69 per cent of them made profits as their clients avoided going to hospitals amid the panic brought by the outbreak of the Covid-19 pandemic.

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Note: The results are not exact but very close to the actual.