Businesses and individuals are exposed to losses despite spending Sh52.25 billion on insurance premiums, highlighting the growing challenge of delays by intermediaries such as brokers and agents to remit the money to insurance firms.
Latest data from the Insurance Regulatory Authority (IRA) up to June 2023 shows outstanding premiums increased by 15.5 per cent in six months from Sh45.25 billion at the end of December 2022.
