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Insurance firm bets on tech to beat fraud

Former Uchumi Supermarket CEO Julius Kipng'etich during a press conference in Nairobi over employees strike owing to delayed salaries in 2017. [Photo by David Njaaga/Standard]

Jubilee Insurance is betting on investment in new fraud detection systems to tame an upsurge in dubious claims.

Regional Chief Executive Julius Kipng’etich said yesterday fraudulent claims had hit record highs, especially in the medical and private motor segments, eating into the underwriter’s profits in recent years.

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