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State decision on life cover slows insurers’ growth

Association of Kenya Insurers CEO Tom Gichuhi (left) holds up the newly launched Insurance Industry Annual Report 2015, with AKI Vice Chairman Hassan Bashir last week. Insurance companies are losing business in the life insurance cover segment, a new report has shown. (PHOTO: FILE/ COURTESY)

Insurance companies are losing business in the life insurance cover segment, a new report has shown.

Growth in the segment declined significantly from 29.4 per cent in 2014 to 8.6 per cent last year.

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