Insurance penetration in the country has dipped over the past one year even as Kenyans showed more interest in more insurance products. The country’s penetration rate pinged at just 2.37% down from a marginal 2.43% in 2018.
Cumulative Life Insurance Premiums grew to Kes 98 Billion shillings in 2019 from Kes 87.3 Billion shillings in 2018 representing a 12.1% growth according to the Association of Kenya Insurers Industry report for 2019.
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