The insurance regulator has noted reluctance among sector players to introduce new products into the market, away from what is anchored in the law, such as third-party motor vehicle covers.
Commissioner of Insurance and Insurance Regulatory Authority (IRA) Chief Executive Godfrey Kiptum referenced high costs that come with this process as one of the reasons.
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The insurance regulator has noted reluctance among sector players to introduce new products into the market, away from what is anchored in the law, such as third-party motor vehicle covers.
By Graham Kajilwa