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130,000 workers drop insurance covers as taxes, levies shrink payslips
Survey findings reveal that insurance usage differs by livelihoods where those employed account for the most insurance users totaling to 0.66 million followed by business owners at 0.45 million.
Over 130, 000 Kenyans dropped insurance covers in the wake of a drop in their disposal income, hurting Kenya’s drive to boost insurance penetration.
A survey conducted by the Central Bank of Kenya (CBK), FSD Kenya and Kenya National Bureau of Statistics (KNBS) indicates that Kenyans using insurance dropped to 1.77 million last year from 1.99 million.
