Telemedicine among tech solutions that could save Kenya's insurance firms against further losses - Capital Business
Connect with us

Hi, what are you looking for?

COURTESY

Coronavirus

Telemedicine among tech solutions that could save Kenya’s insurance firms against further losses

NAIROBI, Kenya, June 8- Adoption of self service, telemedicine and the use of a chart board platform are some of the ways that insurance firms can explore to continue interacting with their customers at a time when coronavirus pandemic has interrupted normal human interaction.

Head of Digital at Resolution Insurance Francis Ngari told Capital Business that despite the novelty of telemedicine in the market, the solution has the ability to generate income to the sector.

“Telemedicine is slowly picking up in Kenya and if properly utilized, it will push the insurance sector through this season,” Ngari said.

According to Ngari, the industry has noted a downward trend on claims from Hospitals since Kenya reported it’s first coronavirus case in March.

“The number of those visiting hospitals has continued to decline, making revenue targets non-achievable,” he added.

This comes at a backdrop of a finding by the government that Kenyans are shying away from seeking healthcare services from hospitals, in fear of contracting the virus.

The medical insurance sector has remained the second largest of insurance businesses after the motor insurance .

However, it has overtime remained a loss making segment based on price undercutting , high hospital bills and fraud. In 2018, the sector was reporting losses of up to Sh1 billion.

So far,  the ministry of Health announced on Sunday that the county’s coronavirus infections  rose to 2767 after 167 more people tested positive for the disease.

Advertisement. Scroll to continue reading.
Advertisement

More on Capital Business

Tourism

BANGKOK, April 23 (Xinhua) — Thailand welcomed 1.92 million foreign tourist arrivals during the extended Songkran festival between April 1-21, a surge of 37.54...

Kenya

NAIROBI, April 23 (Xinhua) — The second edition of the Kenya Power E-Mobility Conference opened in the capital of Nairobi on Tuesday as the...

Top Story

NAIROBI, Kenya April 23 – The Ministry of Health (MoH) has received Sh3.5 billion for health workers salary arrears from 2017 to June 2024...

Top Story

According to the bank, the customer, whose identity was not disclosed, initiated the swift transfer on April 8, 2024, to her supplier in China...

Top Story

LONDON, UK, April 23 – The United States electric vehicle manufacturer Tesla has slashed the selling price of its products in the wake of...

Kenya

NAIROBI, Kenya, April 23 – The Communications Authority of Kenya (CA) will punish public service vehicle (PSV) saccos and postal offices that are operating...

Top Story

NAIROBI, Kenya, April 23 – 21 African countries have enacted rules for non-resident suppliers to pay value-added tax (VAT) or goods and services tax...

World

NAIROBI, Kenya, April 23 – Rwanda is set to host the Shelter Afrique Development Bank’s (ShafDB) 43rd Annual General Meeting (AGM) from June 11...