Africa Merchant Assurance Company (Amaco) has reported a Sh11.7 million after tax loss for the year ended December 31, 2017, to remain stuck in the red for the second year in a row. The firm made a net loss of Sh34.78 million in 2016.
The insurer narrowed its losses by more than Sh23 million but remained in the loss-making territory weighed down by rising claims and high operating costs.
