The general insurance premiums recorded marginal increase of 0.2% to Kes 73.18 billion in the second quarter of 2020 as compared to a growth of 2.9% recorded in quarter two of the previous year.
According to a report by the Insurance Regulatory Authority (IRA), the general insurance business underwriters incurred Kes 28.08 billion in claims by the end of the second quarter of 2020. The claims incurred loss ratio decreased to 61.6% during this period from 64.2% reported in the same period in 2019.
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