AKI shifts to digital motor insurance certificates to tame fraud - News Summed Up

AKI shifts to digital motor insurance certificates to tame fraud


The Association of Kenya Insurers has announced a plan to stop issuance of physical motor insurance certificates. The move is in line with the shift to digital certificate aimed at minimising insurance fraud by ensuring the issuance of only one motor insurance certificate per vehicle. In addition, it will minimize cases of double insurance, fake certificates, and stolen insurance certificates. The insurers developed the virtual motor insurance certificate that would among others allow insurance firms to issue insurance certificates to clients via digital platforms. According to AKI, fraud, especially in the motor insurance sector can be minimized significantly by ensuring only one motor insurance certificate is issued per vehicle, digitally.


Source: The Star February 24, 2021 14:48 UTC



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