Outstanding insurance customer loans tapped from listed insurers hit Sh6.46 billion last year, up from Sh6.09 billion the previous year, pointing to the sustained appetite for the facilities that rely on policies as collateral.
Filings by the five insurers listed on the Nairobi Securities Exchange show that fresh loans tapped against life insurance covers during the year ended December were highest in Britam Insurance where customers borrowed Sh2.22 billion to take the policyholders’ loan book to Sh2.64 billion from Sh2.29 billion.
