Marine insurance premiums up 64pc in first half of year

Cargo at the port of Mombasa. FILE PHOTO | NMG

Local marine cargo insurance premium has grown 64 per cent in the first half of the year according to the Association of Kenya Insurers (AKI), a performance the lobby says is still below par.

The industry association said premiums collected by members hit Sh1.14 billion compared to Sh694.9 million in a similar period last year.               

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Note: The results are not exact but very close to the actual.