Firms take Sh85bn risk covers from insurer

African Trade Insurance Agency (ATI) chairman Dr Yohannes Birru. PHOTO | DIANA NGILA | NMG

Nairobi-based African Trade Insurance Agency (ATI) raised its exposure to risks in the Kenyan market by Sh1.9 billion last year, halting a two-year decline that had been informed by a need to diversify its geographical portfolio.

The agency says in its latest annual report that Kenyan exposure stood at $720.37 million (Sh85.7 billion) at the end of 2021, up from $704.4 million (Sh83.8 billion) in 2020.

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