IRA; insurance industry records growth in insurance premiums

IRA chief executive report indicates that the industry’s total revenue recorded Sh1.75 billion in the financial year in relation to Sh1.65 billion in the preceding financial year. [Photo: Courtesy]

Insurance Regulatory authority says total insurance premiums from the industry grew at 6.3 percent to a Sh209 billion mark in 2016/2017 financial year.

The industry recorded the highest mark in the year despite the prolonged electioneering period which almost brought the economy down.