in Short
Kenya: Record Profits in Insurance Sector
The latest data from the Insurance Regulatory Authority (IRA) shows that medical insurance companies made 891.05 million shillings, or about US $ 8 million in profits during the half-year. This is a record performance for companies that have recorded losses over the years. Professionals in the sector attribute this subscription profit, the highest ever recorded at the end of June 2020, to reduced bills … patients avoiding hospitals for fear of contracting the coronavirus.