IRA names top insurers in settlement of claims

AAR managing director Caroline Munene presents a cheque to Zamara CEO Sundeep Raichura in May last year. FILE PHOTO | SALATON NJAU | NMG

Madison Insurance, AAR Insurance and GA Life Assurance have been ranked top in terms of settling claims in liability, non-liability and long-term insurance categories respectively during the second quarter of the year.

Newly released data from the Insurance Regulatory Authority (IRA) shows that Madison settled 571 liability — where the insured is compensating a third party — claims out of the 1,991 claims.

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