Insurers raise risk of exposure to Treasury bills and bonds at 72pc

Treasury building in Nairobi on June 11, 2020. PHOTO | SILA KIPLAGAT | NMG

Kenyan insurance companies’ exposure to risks of government debt has gone up in the last three years as a result of their heavy investment in bonds and T-bills, a new report has revealed.

The Central Bank of Kenya (CBK) says in its latest financial stability report that the growth in the debt securities in the portfolios of insurers has exposed them to credit and asset valuation risks.

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