×
App Icon
The Standard e-Paper
Join Thousands of Readers
★★★★ - on Play Store
Download Now

Bancassurance key in raising insurance penetration

Vocalize Pre-Player Loader

Audio By Vocalize

The Central Bank of Kenya in Nairobi. [File, Standard]

In 2004, the Central Bank of Kenya (CBK) took a significant step by granting the first commercial bank the authority to operate a bancassurance business.

This landmark decision paved the way for nearly 30 banks and microfinance institutions to establish bancassurance services through specialised agencies and subsidiaries.

Get Full Access for Ksh299/Week.
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in
Sports
Evans will need luck as he seeks to defend Safari Rally title
Sports
Champions show who is the boss, remain in race to shine at regionals
Sports
Thank you and goodbye, coach Firat
By Mike Kihaki 17 hrs ago
Football
Floods sweep away newly commissioned Kinyago Sports Ground in Nairobi