To survive, companies would merge

According to Mr. Sam Ncheeri, Director of Alexander Forbes Insurance Brokers Kenya, Kenyan insurance companies are required to seek a merger or alliance policy with the more powerful firms if they wish to survive. Market premium revenues did not exceed the 21 billion shillings mark (270 million USD), whereas they could reach 65 billion shillings (836 million USD) per year, according to recent study conducted by some actuaries.

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