WHAT INSURERS ARE USING TO CURB FRAUD

WHAT INSURERS ARE USING TO CURB FRAUD

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.

NEW MOTOR VEHICLE INSURANCE SERVICE LAUNCHED

NEW MOTOR VEHICLE INSURANCE SERVICE LAUNCHED

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.

Does car insurance cover theft and vandalism?

Does car insurance cover theft and vandalism?

Your car is parked safely in the parking lot as you run into the grocery store – but when you return you find that your vehicle has been broken into and your belongings inside were stolen. One of the first questions you ask yourself is, “does auto insurance cover theft?”

Whether or not insurance covers theft can vary depending on the situation and the type of auto insurance you have. Comprehensive coverage will usually cover theft, as well as repair costs from break-in damages. Liability insurance likely won’t cover theft, as it usually protects against bodily injury and property damage resulting from an accident.

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