Britam deepens stake in insurance premiums as rivals falter

Tom Gitogo, the Britam Group Managing Director and CEO.  

Photo credit: File | Nation Media Group

Britam Holdings widened its lead in the life insurance business and climbed to second place in the general underwriting business in the half year ended June 2024, piling pressure on its rivals.

Latest data from the Insurance Regulatory Authority (IRA) shows that Britam increased its general insurance premiums by Sh7.06 billion to Sh29.54 billion, while its life insurance premiums rose by Sh3.71 billion to Sh9.1 billion.

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