×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download App

Insurers switch land for cash as regulators tighten capital rules

CIC General Insurance MD Fred Ruoro (left) demonstrates the monthly Easy Bima insurance cover onboarding process to the CIC GCEO Patrick Nyaga. [File, Standard]

Kenyan insurers are accelerating a strategic shift away from brick and mortar assets, offloading expensive land holdings to boost liquidity and comply with regulatory demands for assets that can be quickly converted to cash

Premium Article

Get Full Access for Ksh299/Week.

Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902