I dont know much about insurance but I am pretty sure ...Micro insurers in kenya suffer from massive fraud claims.
Britam & CIC have ventured into PSV insurance and the risk in this line of business have caused the collapse of several insurance firms before.I wonder if they will be able to navigate through the mud.
Although I am aware the risk exposure is diversified to avoid this kind of losses.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3