Financial StandardA year ago, The Kenya Union of Savings and Credit Co-operatives Ltd (Kuscco) launched an insurance arm, Kuscco Mutual Assurance Ltd (KMAL). The insurance business has earned a total income of Sh359 million since launching and has now gotten a license to venture into administration of pensions. Financial Standard sat down with Kuscco Mutual Assurance Ltd (KMAL) Chief Executive Anthony Ogutu in a wide ranging discussion including on how the Covid-19 is affecting the insurance industry. However, it should not make insurance companies do business differently from the way they’ve been doing it. Insurance companies have heavily invested in companies listed in the Nairobi Securities Exchange (NSE) which are hurting.

Source: Standard Digital June 09, 2020 06:33 UTC