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Regulator recovers over Sh38m from rogue insurers

Competition Authority of Kenya Director-GeneralFrancis Wang'ombe Kariuki. [Boniface Okendo, Standard]

The Competition Authority of Kenya (CAK) has helped recover over Sh38 million in delayed payments from several local insurers.

This is as CAK data on the abuse of buyer power by sector in the financial year 2020/2021 showed that the insurance industry leads by 44 per cent followed by architectural services at 34 per cent.

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["CAK","ARA","EACC"]