Connect with us

Hi, what are you looking for?

Capital Business
Capital Business

Kenya

AAR, Madison and GA top insurers in claims settlement

AAR Insurance Kenya Managing Director Caroline Munene/CFM

NAIROBI, Kenya, Aug 18 – AAR Insurance, Madison Insurance and GA Life Insurance have been ranked the top insurers in settlement of claims by the Insurance Regulatory Authority.  

GA Life Assurance settled 762 claims to emerge top in the long-term class while Madison was named best in compensating a third party with 571 liability cases settled in 2016.

The regulator ranked AAR as the best insurer in the non-liability general insurance category after it settled 86.3 per cent of the 256,661 claims it was handling during the period with the company rejecting a total of 1,778 claims in 2016.

AAR Insurance Kenya Managing Director Caroline Munene has said the Sh100 million investment in IT systems has helped improve efficiency in claim settlement.

“We hope to continue providing a better experience to our customers though the new web-based system that allows for faster processing of claims as well as the turnaround time for enrolling new customers,” said Munene.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...