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Insurers grapple with slow growth of premium income

Former Insurance Regulatory Authority CEO Sammy Makove with Continental Reinsurance Director Femi Oyetunji in Nairobi on 11 October, 2018. [David Njaaga, Standard]

Insurers both in the general and long-term business are feeling the heat of a sluggish industry as premiums grow at a slow pace.

Latest data from the Insurance Regulatory Authority (IRA) shows that general insurance gross premium income stood at Sh71 billion as of June 31, 2018.

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