The association of reinsurers sanctioned by the competition authority
The Association of Kenya Reinsurers (AKR) has been sanctioned by the Competition Authority of Kenya (CAK) for non-compliance of rates.
Sentenced to pay a fine of 721 715 KES (7 500 USD), the AKR is accused of having introduced too favorable premium rates during the 2013/2014 renewal of the National Intelligence Service (NIS) life group's policies.
Note that the AKR will also provide the CAK with a written notice, by which it undertakes not to apply practices contrary to those dictated by the authority.
0
Your rating: None
Wed, 10/02/2016 - 11:38
The online magazine
Live coverage
04/18
04/18
04/18
04/18
04/17
Latest news