The Kenyan Insurance Regulatory Authority (IRA) is planning an electronic system to curb increasing major fraud cases in the medical insurance sector.
The system is aimed at capturing all valid medically insured people on a single system, aimed at eliminating the practice where people produce fake insurance cards and use them in several medical care facilities.
“Some of these cards are not smart,” Sammy Makove, chief executive officer (CEO) at the IRA, said. “They just have a picture.”
He also said medical insurance is largely targeted by fraudsters, with the sector the fastest growing in the insurance industry.
Makove said that some underwriters are handling KSh3-4 billion billion (US$40-50 million) worth of premiums.
According to the IRA, the system should be live by the end of the year.
