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State plans risk-based payouts to clients of failed insurance firms

The National Treasury building in Nairobi on April 16, 2025.

Photo credit: Dennis Onsongo | Nation Media Group

By  James Ayanzwa


The Treasury is considering compensating victims of collapsed insurance companies based on the classes of insurance policies that they have taken, marking a departure from the current system which caps the payout on a single claim at Sh500,000.

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