AAR Insurance CEO for Kenya and Uganda Justin Kosgei./COURTERSY
Yet, despite these developments, the country still grapples with one of the lowest insurance penetration rates in sub-Saharan Africa—hovering around 2.3 per cent of GDP as of 2024, according to data from the Insurance Regulatory Authority (IRA).
This is premium content
Subscribe to Continue Reading
Help us continue bringing you unbiased news, in-depth investigations, and diverse perspectives. Your subscription keeps our mission alive and empowers us to provide high-quality, trustworthy journalism. Join us today to make a difference!