Magazine date:
Mar 2017 According to the latest figures published by the Insurance Regulatory Authority (IRA), the net profit of the Kenyan insurance market amounted to 11.1 billion KES (110.3 million USD) in 2016, in local currency, the increase is of 16.8% compared to 9.5 billion KES (94.5 million USD) in 2015.
Still in local currency, the market premiums increased by 12.3% to 194.7 billion KES (1.9 billion USD). It is life insurance which drives the results with a 19.2% growth at 73 billion KES (725.7 million USD).
This good performance was achieved despite the increasing technical losses.
More news on