The restructuring process should lead in the long term

The restructuring process undergone currently by the insurance business is likely to eventually boost the national economy. Currently standing at 3% of GDP, Kenya's insurance penetration rate remains relatively low in comparison with that of South Africa which is of 11%. Due to faulty legislation and to the generalisation of fraud, the insurance market has in the past been through a chaotic situation characterized by the bankruptcy of several operators. The expected improvements pertain to the institution of discipline, the adoption of standard norms, corporate financial capacity building and the elaboration of competitive products.