Betting on consolidation of the insurance industry to increase product penetration

As of 2020, the insurance penetration rate in Kenya was at 2.17 percent, down from 2.34 percent in the preceding year. Kenya has maintained a descending trajectory since 2016, when the penetration rate was at 2.78 percent.  Research conducted by the Insurance Regulatory Authority (IRA)

New NHIF proposals face strong opposition

The Cabinet Secretary for Health has published the National Health Insurance Fund (Contributions) Regulations, 2022 (Draft Regulations). The changes are meant to boost Universal Health Coverage (UHC), but for the changes to work, Ms Mugo, Executive Director of FKE, stated that NHIF needs to step

Hike in comprehensive motor insurance premiums rubs Kenyans the wrong way

Insurance customers have been burdened with an increase in insurance rates beginning January 1, 2022. A number of insurance companies have indicated that the increase will be up to 50% of premiums while others have indicated that they will not offer a comprehensive insurance cover