The insurance industry in Kenya is a critical sector that plays a vital role in safeguarding individuals and businesses against risks. Insurance companies provide various policies that protect people from financial losses in case of unexpected events, such as accidents,…
According to a report by the Insurance Regulatory Authority (IRA), the Kenyan insurance market turnover as at 30th September of 2022 closed at 237.9 billion KES (1.95 billion USD). Given a statistical analysis, this is equivalent to 11.4% increase against…
Often we view insurance with the confined lenses of motor insurance, fire and money insurance et cetera. Nevertheless, we forget that our professions warrant indemnity. The question rather should be, what is professional indemnity? Imagine incurring legal liabilities inflicted to…
