These are testing times for insurance industryThe Covid-19 pandemic is having a huge impact worldwide on people’s lives, families and communities. At the same time, Covid-19 could also be a turning point for the insurance industry and enable insurers to demonstrate their purpose and value to society. In Kenya, where insurance penetration is still very low, insurers can build trust by honouring verified claims and inspire confidence by paying those claims on time. It is still far too difficult to quantify the life and health insurance claims and the general insurance claims that will be filed. Mr Shah is an insurance industry expert and leads PwC Kenya’s Actuarial and Risk Services practiceDo not miss out on the latest news.

Source: Standard Digital May 12, 2020 21:56 UTC