Insurers earn Sh1.3bn as Covid cut hospital visits

IRA

Insurance Regulatory Authority CEO Godfrey Kiptum. FILE PHOTO | NMG

Medical insurers in Kenya posted a record Sh1.3 billion in underwriting profits last year on slowed healthcare claims, as patients avoided hospitals for fear of contracting the coronavirus.

Latest data from the Insurance Regulatory Authority (IRA) shows that medical insurance firms rebounded from years of losses compounded by rising hospital bills claims.

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