Integrated data system unveiled to nab fraudulent underwriters

Insurers are banking on the integrated motor insurance data system to reduce cases of fraud in motor vehicle claims.

The Association of Kenya Insurers says fraudulent claims account for more than 20 percent of all claims paid out by underwriters.

Insurers want the system integrated with the Kenya Police, Kenya Revenue Authority and the Insurance Regulatory Authority to track individual agents and motor assessors where those found perpetrating the vice would be blacklisted.

Already, the underwriters have implemented a central system within the health sector where players can share data of patients to root out illegal claims.

In January this year, the industry lobby group, Association of Kenya Insurers launched the Integrated Motor Insurance Data System that provides members with a portal where information provided by customers can be verified.

AKI wants the government to enforce the sharing of information on insured vehicles through the Integrated Motor Insurance Data System platform to fast-track investigations into motor accidents and reduce litigation costs that threatens the industry.

UAP Old Mutual Group General Manager James Wambugu says the integrated system is a major boost to the health of the underwriting industry.

Wambugu says if fully implemented the system can help the government nab ambulance chasers and underwriters that fail to honor their claims.

Last year, claims incurred by general insurers rose 4.5 percent to 46 billion shillings compared to 43 billion incurred in 2016 according to the IRA annual report.


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