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International

Insurers struggle to settle claims amid rising fraud

May 25, 2017 Reprints

Kenya's Insurance Regulatory Authority said that local insurers settled 7.4% of total claims during the first quarter compared to nearly 11% in the first quarter of 2016, The Star reported. Insurers paid 9,751 claims in the first quarter out of 131,788 total claims, underlining the lengthy settlement process amid rising cases of fraud, the regulator said.

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Insurers struggle to settle claims amid rising fraud

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