Holding enormous untapped potential, Kenya’s insurance industry has expanded rapidly over the past 10 years, with both the life and non-life segments showing consistent double-digit growth. As of early 2013 there were 47 operating insurance companies in Kenya, including 24 non-life businesses, 11 life insurers and 12 composite firms. Although the sector is still dominated by the short-term...
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Chapter | Capital Markets from The Report: Kenya 2014
Headlined by two equities boards and liquid options for bonds both in primary and secondary trading, Kenya’s capital markets stand out for their maturity in comparison to most African markets, although other asset classes are in the early stages of development. The Capital Markets Master Plan (2014-23) outlines a growth programme for the short to medium term, while separately the Nairobi...
Articles & Analysis | Premium growth and expanded coverage are expected from The Report: Kenya 2014
Holding enormous untapped potential, Kenya’s insurance industry has expanded rapidly over the past 10 years, with both the life and non-life segments showing consistent double-digit growth as the nation’s rising middle class becomes increasingly aware of the benefits insurance entails. Although the sector is still dominated by the short-term motor segment, rapid uptake...
Articles & Analysis | Diversification into new lines and expansion into new markets underpins growth from The Report: Kenya 2014
Insurance activities in Kenya have seen rapid expansion over the past decade, with the sector consistently witnessing double-digit growth. This is expected to continue on the back of overall economic expansion, a burgeoning middle class, untapped potential within the life insurance segment and new opportunities for project insurance. While hampered by low penetration and...
Interviews & Viewpoints | OBG talks to Tom Gichuhi, CEO, Association of Kenyan Insurers (AKI) from The Report: Kenya 2014
Articles & Analysis | Takaful products are set to secure livestock from The Report: Kenya 2014
As Islamic financial products become increasingly popular in Kenya’s financial landscape, sharia-compliant agricultural insurance offerings are poised to make a significant impact on food security in the country.
Kenya’s sole takaful provider has witnessed strong growth since its inception in 2011, setting a precedent for future expansion. Islamic...