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Insurance premiums rise 13.2 per cent in second quarter of year

By Peter Theuri | 3yrs ago

Insurance Regulatory Authority attributed the growth to the ongoing economic recovery from the effects of the Covid-19 pandemic. [Istockphoto]

Insurance industry gross premiums rose by 13.2 per cent in the second quarter of 2022 to hit Sh163.06 billion, data from The Insurance Regulatory Authority (IRA) shows.

The premiums stood at Sh144.02 billion in a similar period in 2021. IRA attributed the growth to the ongoing economic recovery from the effects of the Covid-19 pandemic.

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