Kenya Government engages Insurance Sector to Expand Coverage
Capital Business, 4 April 2009
Kenya’s overall insurance penetration is still very small, at 2.6 percent, compared to other emerging economies such as South Africa which stands at 14.6 percent and India at 3.7 percent.
Deputy Prime Minister and Minister for Finance Uhuru Kenyatta noted that although the insurance industry had registered marginal growth in penetration - from 2.5 percent in 2006 to 2.6 percent in 2007- further reforms would enhance insurance coverage among the erstwhile, unserved groups.
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