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The Standard e-Paper
Kenya’s Boldest Voice
The Standard Group Plc is a
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Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
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| Fraudulent claims more common in the auto industry have been blamed for most losses made by insurance firms. [PHOTO: FILE/STANDARD] |
By JACKSON OKOTH
Nine insurance companies found themselves in unfamiliar territory after posting huge losses in 2012. This is as a combination of fraudulent claims and low penetration of products took a toll on their earnings.
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