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| Muchemi Ndungu, Chairman – Association of Insurance Brokers of Kenya |
Nairobi; Kenya: An insurance lobby wants the State to review the Procurement Act and lower taxes. This, it says will help embrace relationship management in respect to quasi-government enterprises, noting that insurance brokerage is a profession and cannot be treated in the same way as purchase of merchandise.
The Association of Insurance Brokers of Kenya (AIBK) Chairman Muchemi Ndung’u (pictured) said though, insurance penetration has improved to 3.5 per cent in 2013, from 3.1 per cent in 2012, further taxation has increased the cost of insurance - negating the achievements made.
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