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Insurance premiums surge 7 percent as product uptake rises
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Kenya’s insurance penetration dipped even as Kenyans showed interest in more insurance products in the past one year.
The country’s penetration rate pinged at just 2.37% down from a marginal 2.43% in 2018.
Cumulative Life Insurance Premiums grew to Kshs 98 Billion shillings in 2019 from Kshs 87.3 Billion shillings in 2018 representing a 12.1% growth according to the Association of Kenya Insurers Industry report for 2019.
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#KBCchannel1 #KBCNewsHour #KBClive
The country’s penetration rate pinged at just 2.37% down from a marginal 2.43% in 2018.
Cumulative Life Insurance Premiums grew to Kshs 98 Billion shillings in 2019 from Kshs 87.3 Billion shillings in 2018 representing a 12.1% growth according to the Association of Kenya Insurers Industry report for 2019.
Connect with KBC Online;
#KBCchannel1 #KBCNewsHour #KBClive
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