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Insurers reject Sh523m claims in first quarter
Mwambu Mabonga at the IRA's Upper Hill office on February 16, 2023. President Ruto has revoked his appointment as the chairman of the Insurance Regulatory Authority (IRA). PHOTO | DIANA NGILA | NMG
Insurers rejected 2,708 claims worth Sh523.2 million in the three months to March, marking a seven percent increase from the previous quarter when 6,591 requests worth Sh485.6 million were declined.
Data from the Insurance Regulatory Authority (IRA) show that of those declined, 51 were general liability claims amounting to Sh14.22 million, 2,556 were non-liability valued at Sh437.95 million while 101 were long-term valued at Sh70.98 million.
