Marine premiums fall to three-year low

Data by the Association of Kenya Insurers showed that local marine insurers' gross written premiums dropped nearly 5% year-over-year to a three-year low of around 3.5 billion Kenyan shillings ($32 million) in 2019, Business Daily reported. Weak implementation of a law requiring cargo to be underwritten by local insurers led to the decline.

Read more.