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Resolution Insurance had collected premiums worth Ksh 4 1 Billion by the time it collapsed

Resolution insurance customers woke up to a rude shock after they got emails indication that their covers had been cancelled.

Policyholders compensation fundPolicyholders compensationConcord insuranceUnited insuranceStandard assurance

Resolution Insurance has collected premiums worth Ksh 4 1 Billion by the time it collapsed

Resolution insurance customers woke up to a rude shock after they got emails indication that their covers had been cancelled.

Policyholders compensation fundPolicyholders compensationConcord insuranceUnited insuranceStandard assurance

Resolution collapses with Sh6 6bn clients money

IRA said the insurer had collected Sh4.1 billion in premiums from policyholders out of which 90 percent were medical customers.

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Why Resolution customers will get fast compensation

Since 2005, insurance companies and policyholders have collected Sh15 billion under the Policyholders Compensation Fund (PCF) to be utilised whenever an insurance company collapses.

William masitaResolution insurance companyPolicyholders compensation fundWhy resolutionTrustee william masitaBusiness dailyStatutory managerResolution insuranceStandard insuranceUnited insuranceStandard assuranceWilliam masita

Africa Business In Brief | Issue 441 | 27 Mar 2022

Cellulant and United Bank for Africa (UBA) Plc have announced a partnership that will extend payment services for merchants and consumers across 19…

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