News
Relief for the shilling as local underwriters take on marine cargo insurance
1+ week, 6+ day ago (58+ words) standardmedia.co.ke Relief for the shilling as local underwriters take on marine cargo insurance Suzuki eyes value-conscious Kenyan buyers with affordable mobility deals Diageo appoints John Musunga as Managing Director for Africa Agricultural Finance Corporation banks on wholesale model…...
East Africa must rethink insurance as economic uncertainties surge
2+ week, 37+ min ago (373+ words) For many people, insurance is something considered only after a crisis unfolds, after a hospital admission, a vehicle accident, a fire, or an unexpected business disruption. That reactive mindset is understandable, but it reflects a broader challenge facing our region:…...
Equity shareholders approve record Sh21.7 billion dividend payout
2+ week, 3+ day ago (391+ words) Equity Group shareholders have approved a first and final dividend payout of Sh21.70 billion for the financial year that ended on December 31, 2025. The Sh5.75 per share dividend marks a 35.5 per cent increase from the Sh16.04 billion (Sh 4.25 per share) paid out in 2024. The…...
Maritime stakeholders call for adoption of marine insurance - The Standard
2+ week, 5+ day ago (249+ words) As Kenya’s international trade volumes continue to grow and investments in the blue economy gather pace, industry experts are warning that businesses are exposing themselves to significant financial losses by failing to adequately insure cargo moving through global supply chains....
Insurance authority regrets low uptake in Meru
3+ week, 3+ day ago (450+ words) Official government statistics have revealed a worrying trend in Meru County, where insurance penetration stands at a mere 1.3 percent. This despite the existence of a thriving agricultural, tourism and other sectors.According to Meru Deputy Governor Linda Kiome-Gitonga, insurance uptake…...
Now Africa's insurance industry must move beyond ambition
3+ week, 6+ day ago (99+ words) standardmedia.co.ke Now Africa's insurance industry must move beyond ambition Over the past few years, I have had the opportunity to engage with insurance leaders, technology executives, regulators, entrepreneurs and investors across Africa and beyond. Get Full Access for…...
Low insurance uptake fuels sector's shift
1+ mon, 15+ hour ago (405+ words) Insurance penetration in East Africa remains among the lowest globally, with Kenya estimated at just about 2.1 per cent compared to a global average of around seven per cent and South Africa’s roughly 12 per cent. The gap has left millions of…...
Low insurance uptake fuels sector's shift -The Standard Health
1+ mon, 15+ hour ago (405+ words) Insurance penetration in East Africa remains among the lowest globally, with Kenya estimated at just about 2.1 per cent compared to a global average of around seven per cent and South Africa’s roughly 12 per cent. The gap has left millions of…...
Low insurance uptake exposes Kenyans to rising flood, theft damage
1+ mon, 1+ week ago (428+ words) Stranded vehicles in floodwaters in Nairobi highlight Kenya’s low insurance uptake, leaving households exposed to rising flood damage and escalating vehicle theft losses. Floods and rising vehicle theft are hitting Kenyan households at the same time, but most victims are…...
Insurance penetration slips as firms target underserved groups
2+ mon, 15+ hour ago (455+ words) Heritage Insurance Kenya extends private health cover to Kenyans aged up to 85, a bracket most rivals decline to underwrite. Kenya's private insurance market continues to shrink as a share of the economy, even as providers expand into segments long considered…...