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      The insurance market in Kenya | Business Redefined

      Insurance penetration in Kenya remains very low at 3.0% according to the Insurance Regulatory Authority. What informs such abysmal uptake in a market where formal financial inclusion is one of the highest among emerging & frontier markets globally? How can we stir up interest in Kenyans willingness to take on safety nets to cushion them when risks materialize? Also, how is the transition from IFRS4 to IFRS17 impacting the insurance sector? We sat down with the Managing Director of First Assurance, Stephen Lokonyo, to unpack this & a lot more
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