Kenya a high risk for insurers

A bout four years ago, when the level of insecurity was still not as bad as it is today, a homeowner in one of Nairobi’s upmarket neighbourhoods shared with me how costly it was for the residents of his neighbourhood to ensure they were secure.

He said he was part of a neighbourhood association, which his wife founded in the 1980s. Each month, each household paid an agreed amount, which went into paying the private security company they had hired to ensure their security.