Policyholders of collapsed insurance companies to be compensated

A insurance companies policyholders sensitization forum convened by the Policyholders Compensation Fund in Meru County. The Fund said members of the public who had claims with Blue Shield Insurance Limited and United Insurance Company which are under liquidation and Xplico Insurance Company and Invesco Insurance Company, both under statutory management, were urged to present their claims.[ Standard.]

The Policyholders Compensation Fund (PCF) will soon start to compensate policyholders of failed insurance companies.

Speaking in Meru town during a sensitization forum for the business community and various other groups, PCF Deputy Director, of Corporate Communications Rose Kavili said the agency was about to start the compensation for people who had taken various types of policies from collapsed companies and those under statutory management.