Kenya insurance market

Figures in thousands

Branches2023 turnover2022 turnover2022-2023 evolution (1)2023 shares
KESUSDKESUSD
Health66 308 431419 73254 892 226441 88220.80%18.35%
Motor55 122 578348 92653 879 659433 7312.31%15.25%
Fire22 463 826142 19619 497 361156 95415.21%6.21%
Workmen's compensation14 733 21793 26113 186 956106 15511.73%4.08%
Marine (2)9 036 17857 1997 816 94062 92615.60%2.50%
Theft4 860 55230 7674 231 13034 06114.88%1.35%
Third party liability4 769 58430 1923 842 17030 93024.14%1.32%
Engineering4 635 88329 3455 274 83342 462-12.11%1.28%
Personal accident3 456 66921 8812 490 41920 04838.80%0.96%
Miscellaneous risks5 951 81037 6753 812 55530 69156.11%1.65%
Total non life191 338 7281 211 174168 924 2491 359 84013.27%52.95%
Deposit management63 000 344398 79250 611 739407 42424.48%17.43%
Individual life insurance38 514 357243 79635 474 140285 5678.57%10.66%
Collective life insurance21 733 244137 57116 800 496135 24429.36%6.01%
Individual pensions14 736 60093 2838 073 51864 99282.53%4.08%
Credit Insurance15 846 653100 30915 792 407127 1290.34%4.39%
Annuities12 349 52578 17310 036 38880 79323.05%3.42%
Investments3 841 35324 3164 056 11332 652-5.29%1.06%
Total Life170 022 0761 076 240140 844 8011 133 80120.72%47.05%
Grand total361 360 8042 287 414309 769 0502 493 64116.65%100%

(1) Growth rate in local currency
(2) Includes aviation and maritime
Exchange rate as at 31/12/2023 : 1 KES = 0.00633 USD ; 31/12/2022 : 1 KES = 0.00805 USD.

Kenya
0
Your rating: None
Advertising Program          Terms of Service          Copyright          Useful links          Social networks          Credits