A surge in demand for long-term insurance products propelled a 13.4 per cent growth in premiums to Sh109 billion in the six months June compared to a similar period in 2016, new data by the industry regulator showed.
Total premiums in the life insurance business segment grew by 20.7 per cent in the period to hit Sh41.1 billion, up from Sh32.6 billion recorded in a similar window last year, the Insurance Regulatory Authority (IRA) said in an industry update for the second quarter of 2017.
