Bloomberg News

Kenyan Medical Insurers Raise Premiums on Inflation, Daily Says

October 17, 2011

Oct. 17 (Bloomberg) -- Jubilee Insurance Holdings Ltd. is among medical insurers in Kenya that have raised premiums as much as 20 percent due to an increase in claims as inflation surges, Business Daily reported, citing the companies.

Inflation accelerated for the 11th consecutive month to 17.3 percent in September, more than triple the government’s 5 percent target.

To contact the reporter on this story: Eric Ombok in Nairobi at eombok@bloomberg.net

To contact the editor responsible for this story: Tim Smith at tsmith58@bloomberg.net


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