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By Seth Emmanuel
UAP Insurance Kenya recorded a growth in gross written premium by 13% from Kshs. 9.37Bn in 2019 to Kshs. 10.61Bn in 2020, while the net earned premiums increased by 8%.
Despite the net claims payables marginally increasing by 5% in line with business growth, the claims ratio improved from 67% in prior year to 65% in 2020. This was driven by the Company’s focus on profitable business growth as well as transformative claims cost management initiatives undertak