Employees at the Kenya National Highways Authority are currently surviving without medical cover following a botched insurance brokerage tender by the Liaison Group.
The company was recently awarded the business after outbidding three other firms: Zamara Insurance Brokers, Minet Kenya Insurance Brokers Ltd and Amana Insurance Brokers.
Liaison Group proposed Jubilee Insurance with premiums of Kes. 99 million, which was the lowest compared to Zamara’s Kes. 118m, Minet’s Kes. 138m and Amana’s Kes.143m.
However, Jubilee Insurance declined to take up the cover because it was against the quotation of Kes. 40 million they submitted to Liason Group.
Writing to this blog on Tuesday, September 27, a source at KeNHA disclosed that as things stand, Liason Group is currently searching for a different underwriter that can accommodate quoted premiums.
“Hi Nyakundi, this is genuine information I want you to put out in public.
Recently, KeNHA floated a Medical Insurance Brokerage tender, which attracted four bidders.
1. Liason Group Insurance Brokers – Kes. 99,598,420
2. Zamara Insurance Brokers – Kes. 118,257,405
3. Minet Kenya Insurance Brokers Ltd – Kes. 138,399,718
4. Amana Insurance Brokers – Kes. 143,273,565,18.
Liason Group was awarded the business.
Liason having proposed Jubilee insurance with premiums of Sh99M against a quotation given to them by Jubilee insurance of about Sh40M led to Jubilee rejecting to take up cover.
This situation has currently left KeNHA exposed as staff are not on cover and Liason is managing them as they look for another underwriter that can accommodate the under-quoted premiums.
Cover inception dates were supposed to be 1st September,” the source writes.
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