Ksh. 15 billion fraud annually threatens insurance industry.
Waitathu Nicholas
Ksh. 15 billion fraud annually threatens insurance industry. Nicholas Waitathu and Sammy Kere Kingori Choto - Nairobi Financial post 25th - 31st May, 2009 - p.4; The Financial Post
Millions of Kenyan motorists and public transport users risk getting no compensation from insurance firms in case of an accident as fraud threatens to bring the insurance industry to its knees.
insurance are up in arms against what they allege is a well co-ordinated fraud network involving crooked lawyers, traffic police officers, doctors, garages and vehicle owners that present false claims in accident cases, undermining the very existence of the insurance industry.
Insurance Industry -- Kenya
Insurance
Ksh. 15 billion fraud annually threatens insurance industry. Nicholas Waitathu and Sammy Kere Kingori Choto - Nairobi Financial post 25th - 31st May, 2009 - p.4; The Financial Post
Millions of Kenyan motorists and public transport users risk getting no compensation from insurance firms in case of an accident as fraud threatens to bring the insurance industry to its knees.
insurance are up in arms against what they allege is a well co-ordinated fraud network involving crooked lawyers, traffic police officers, doctors, garages and vehicle owners that present false claims in accident cases, undermining the very existence of the insurance industry.
Insurance Industry -- Kenya
Insurance