Insurance brokers eye first pay rise in 30 years

Mr Nelson Omolo. FILE PHOTO | NMG

Insurance brokers are pushing for an increase of commission rates — the first in 30 years — in a move that could see premiums rise across the economy.

Association of Insurance Brokers of Kenya (AIBK) chairman Nelson Omolo said low commissions have forced brokers to adopt unfavourable measures to survive, including leasing dingy offices.

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