Aviation sector premiums drop as airlines cut their fleet size

Kenya Insurers Chief Executive Tom Gichuhi. [Jenipher Wachie, Standard]

Premium income in the aviation sector dropped by 16.1 per cent to Sh989.6 million in the first quarter of this year, new data shows.

According to the Insurance Regulatory Authority, the sector's underwritten premium stood at Sh1.18 billion in the first three months of last year.