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Insurance brokers expect to reap an estimated Sh3.5 billion in commission from a recent directive that marine covers be partly sourced locally.
The directive by Treasury CS Henry Rotich said KRA will be the watchdog of the new directive. The entire industry is expected to earn Sh20 billion in gross premium, with brokers taking away an estimated Sh3.5billion in commission. Previously, the insurance was arranged through overseas underwriters.
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