Kenya Re - AGM

Added on June 9, 2012, 12:00 am
Insurance industry is witnessing a new business threat from fire outbreaks that eats into companies' profit margins. During its annual general meeting, the Kenya reinsurance corporation expressed concern over fire related claims, which significantly raised the number of compensation last year compared to the previous year. Net claims incurred, for instance, increased from 2 million shillings in 2010 to 2.9 million shillings in 2011.