Thursday, 31 October 2013

Kenya Insurance Report Q4 2013

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Kenya Insurance Report Q4 2013
Oct 30th 2013, 00:00

Price: $ 1295  

BMI View: As of late 2013, the key issues for Kenya's insurance sector are broadly the same as they were one or two years previously. In essence, the involvement of leading multi-lateral finance institutions and South African multinationals have more than compensated for a generally difficult business environment. Continued strong growth in premiums and profits appears likely. We remain of the view that Kenya's insurance sector is dynamic and resilient. Premiums in both major segments were about 20% higher in 2012 than in 2011. Although insurance companies are small organisations by most standards, they are innovative and clearly understand the needs and challenges of their customers. Initiatives that have been announced in recent months include agricultural risk products that cover farmers ...

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