Insurer ATI cuts Kenyan covers by Sh10.3 billion

African Trade Insurance Agency chairman Yohannes Birru. PHOTO | DIANA NGILA

Nairobi-based African Trade Insurance Agency (ATI) has reduced its gross exposure to risks in the local market by Sh10.3 billion as it seeks to diversify its portfolio geographically.

In a report, the multinational disclosed that the value of gross risks it has assumed in Kenya stood at $724.7 million (Sh72.9 billion in the year ended December 2019.

PAYE Tax Calculator

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