Kenya insurance market slows down

The Kenyan insurance industry’s performance slowed in 2018 but still recorded 3% growth, compared to 6.5% in 2017. The Association of Kenya Insurers’ (AKI) consolidated industry report for the year ending 31 December 2018 shows the industry’s gross written premium (GWP) grew to KSH216.11bn in 2018, from KSH209.70bn in 2017. Overall insurance penetration dropped to 2.43% in 2018, from 2.71…

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