Prime

Higher claims, low investment cost general insurers Sh1.49bn

Medical and motor vehicle insurance have consistently emerged as the major causes of losses in the sector. FILE PHOTO | NMG

By  Edna Mwenda

Business Reporter

Nation Media Group

General insurers posted an underwriting loss of Sh1.49 billion in the second quarter that ended June, attributed to higher claims and lower investment income.

The loss widened from Sh1.46 billion a year earlier, according to the latest report by the Insurance Regulatory Authority (IRA).

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