The Association of Kenya Insurers (AKI) has developed a virtual motor insurance certificate to curb insurance-related fraud in the industry.
The insurance industry umbrella lobby said Monday that the digitisation of the insurance certificates will break an elaborate motor vehicle fraud scheme that has been bleeding the industry of millions of shillings through fake multiple claims. Digitisation is also expected to increase efficiency.
Britam has launched a new service , Motor vehicle insurance, to manage car accidents hoping it will help cut down fraud. This comes just weeks after an insurance sector report revelation showed widespread malpractice.
The research, by insurance tech firm Bismart on the motor vehicle insurance sector, was released early April to reveal disturbing trends in the uptake of motor vehicle insurance.
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Shimin Insurance Agency is licensed to carry out insurance business as an intermediary and has its headquarters at Co-op House along Haile Selassie Street, Nairobi. Through establishing partnerships with various reputable insurance companies in the industry, the Agency has developed a full banquet of innovative insurance products and services that address the insurable needs of our customers and offers these services from across our branches in Kenya.