According to Association of Kenya Insurers industry report for 2018, insurance penetration in Kenya dropped to 2.43% of Gross Domestic Product (GDP), the lowest in more than a decade

ZEP-RE (PTA Reinsurance Company) recorded a marked growth in written premium in the financial year ending December 31, 2018 of USD178.5 million up from USD152.1 million recorded in 2017, representing a 17% growth. The Company, however, experienced a significant rise in claim, a regionwide phenomenon...