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AAR profit down on increased claims

By Wainaina Wambu | 5yrs ago
AAR Insurance Kenya Managing Director Nixon Shigholi. [Courtesy]

Medical underwriter AAR Insurance posted a 55 per cent drop in performance for the year ended December 2020, attributed to high claims due to Covid-19.

Total profit fell to Sh234 million last year compared to Sh517 million in 2019, its financials showed.

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