What robust insurance industry means for the Kenyan economy

A strong insurance sector means businesses and individuals in the country are cushioned against extreme economic shocks from the local and global economy.

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In the December 2024 issue of The Insurer, the journal by the Association of Kenya Insurers (AKI), the editorial poses a bold question for the industry.

“We have always assumed that the low penetration rate is the market’s fault, but what if insurers are a part of the problem?”

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Note: The results are not exact but very close to the actual.