Business Insurance

Login  |  Register Subscribe

cbVid =

Kenyan insurance industry reports highest growth rate for 2013 in Africa

September 1, 2014 - 6:00am

The Association of Kenya Insurers has said in a report that Kenya's insurance industry grew by 20.4% in 2013, with gross written premiums increasing to 130.65 billion Kenyan shillings ($1.47 billion), reported The Star.

With the rise in premiums, Kenya achieved the highest growth rate percentage in Africa and the second-highest in the world behind Jordan.

The report added that Kenya's insurance density was much lower than that of South Africa but higher than that of Nigeria.

Read more


Get our daily Global Focus newsletter

You may also want to visit

International Content