Kenya:Pressure on profits emerge as bancassurance premium income climbs

By MEIR team | 19 Nov 2024

Kenya Life & Health Bancassurance Property & Casualty

Bancassurance has experienced remarkable growth in Kenya, with premiums generated by the channel soaring by 79.4% in 2023, significantly outpacing the overall insurance industry's growth of 56.2% during the same period, according to a report by the Association of Kenya Insurers (AKI).

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