Sanlam PLC a South African affiliate insurance company is now in Kenya

Business | Thursday 18 Aug 2016 10:34 pm

Kenya’s local insurance and related financial services firms have been challenged to improve their market penetration efforts through innovation and employing qualified staff. According to the cabinet secretary in charge of treasury Henry Rotich insurance penetration stood at only 2.8% of GDP in 2015, way below the worldwide average of 6.5% of GDP and the 5.0% envisioned in the vision 2030 national development plan. KTN’s Ashley Mazuri with more.