The institution of microinsurance in Kenya
The Insurance Regulatory Authority (IRA) has published a draft bill governing microinsurance business. Drawing inspiration from global success stories, the project has been designed to guarantee economic operations and secure resources for low-income populations. The new regulatory framework will make it possible to increase insurance penetration rate, estimated at 2.73% in 2016.
The draft bill also includes provisions regarding bancassurance in Kenya.
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Wed, 09/05/2018 - 14:34
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