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State sets Sh2bn least premium for insurers eyeing cover for foreigners
Foreigners being cleared at Jomo Kenyatta International Airport on January 11, 2024. Kenya mandates insurers to have Sh2 billion in premiums and proven claims history to offer compulsory medical cover for foreign visitors.
Local insurers seeking to provide medical cover to foreigners entering Kenya must have minimum gross premium collections of Sh2 billion annually, among other conditions that the state has placed for those eyeing the lucrative government tender.
The condition is contained in the policy framework to guide the roll-out of mandatory medical cover for foreigners visiting Kenya. Insurers must prove payment of claims worth Sh50 million in the last two years and provide a list of at least five reputable clients each with annual premiums of Sh100 million for the previous financial year.
