One in every five insurance claims made is fraudulent, according to the Insurance Regulatory Authority (IRA). Some fraud cases involve individuals who have taken loans to buy cars and fake accidents to get funds to pay the loans, to those who take private covers for public service vehicles. Motor assessors and garages also collude to
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As the insurance industry continues to operate within an era of global interconnectedness, the need for insurance professionals with a broad, international perspective becomes increasingly crucial. The Insurance Institute of East Africa distinguishes itself by recognizing and addressing this demand, offering a range of international opportunities that position its students as global leaders in the
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Global regulatory trends show that tougher regulation and increased pressure to perform can improve the sector’s prospects and encourage investment. After many successful years of expanding their businesses in Asia, global insurers have trained their sights on Africa. At face value, Kenya’s insurance sector appears to be a prime African market for investment with the
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