Insurance claims go up to K2.2bn
Published On September 24, 2024 » 239 Views» By Times Reporter » Business, Stories
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. Ntini

By ANDREW MULENGA –
INSURANCE claims pay out in 2023 reached K2.2 billion compared to K1.8 billion in 2022, the Pensions and Insurance Authority (PIA) has said.
PIA registrar and chief executive officer, Namakau Ntini said of the K2.2 billion pay out, general insurance business accounted for K891 million while K1.4 billion was paid out by long-term insurers.
Ms Ntini said during the opening of the in­augural insurance week that the industry had during the period under review demonstrated re­silience in Gross Written Premiums (GWP).

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