Blue Shield Insurance provider building in Upper Hill, Nairobi. Photo:File
Blue Shield Insurance continues to be placed directly under legal management, putting in danger an incredible number of Kenyan road customers yet others who hold claims against the organization or have insured their automobiles with the organization.
The insurance provider was placed directly under legal management on Friday after many years of complaints by clients whose claims have been postponed.
Although you will find no official statistics, industry gamers stated Blue Shield insured about 50 percent of PSVs - matatu and motorcycles - when it had been absorbed through the regulator on Friday.
“We are actually very worried about the PSV insurance sector,” stated the Boss of Insurance Regulating Authority (IRA) Sammy Makove. “We are evaluating models which have labored elsewhere on the planet even though condition in Kenya is insufficient regulation in matatu sector.”
