INTRODUCTION The insurance industry is undergoing a significant transformation with the emergence ofGeneration Z (Gen Z) as a new cohort of consumers. Gen Z possess unique characteristics,expectations and preferences different…
INTRODUCTION As of May 3rd, a report by the UN Office for the Coordination of Humanitarian Affairs(OCHA) indicated that over 205,000 individuals were affected by recent floods in Kenya,with 195,304…
Insurance serves as a financial safety net, providing protection from unanticipated occurrences that may negatively impact people’s lives and businesses. Insurance works like a cushion which helps you or your…
Electric vehicles are increasingly dominating the global market, with this seeking to reduce carbon emissions. Electric vehicles accounted for 14% of the total number of cars as at the end of 2022, with the number…
The following research examines the life assurance business in Kenya from 2016 to 2020.
In 2020, life assurance business was the second…
The following research highlights the trends in the medical insurance industry in Kenya from 2015 to 2020.
In 2020, medical insurance was the largest class in the general insurance business, accounting for 34.4% of the total gross direct premium income.
Long term insurance industry has recorded steady growth in premiums at an average rate of 11.9% p.a over the last 5 years with pensions and life assurance being the largest classes in terms of the volume of business written.
The PSV sector has experienced significant setbacks in that a number of PSV underwriters have become unable to pay claims and thereby been put under statutory administration.
Road traffic injuries and causalities remain a huge public health and development burden to the Government of Kenya with detrimental effects on households.