Business Daily | by Patrick Alushula
Medical insurers posted their highest-ever underwriting profit in the six months ended June last year on reduced bills, as patients avoided hospitals for fear of contracting the coronavirus.
Latest data by the Insurance Regulatory Authority (IRA) shows that medical insurance firms made Sh891.05 million in underwriting profit over the half-year period— a record performance for the firms which have over the years posted losses.
Tom Gichuhi, the chief executive of the Association of Kenya Insurers (AKI), attributed the performance on…
