Kenya Insurance Q1 2020
The growth outlook for Kenya's insurance industry, in both the life and non-life sectors, is healthy with steady growthexpected in terms of the volume of written premiums in the short-term and beyond. Growth in the industry will be supported bywider economic gains in the country and while we note some headwinds arising from weaker agricultural output, overall Kenya isexpected to record solid GDP growth, in turn translating to improving employment and income rates. Income inequality does meanthe focus of much of the market will remain on basic, affordable products, though Kenya's emerging middle class is driving updemand for more sophisticated covers.
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