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2013 Insurance Industry Report

 

AKI launched the Insurance Industry Report for 2013 on Thursday, 28th August 2014.

 

The Insurance Industry Annual Report is an annual publication of the Association of Kenya Insurers (AKI).  This is the 10th issue of the Insurance Industry Annual Report. The report highlights the performance of the insurance industry, compares the performance with other markets and the prospects for future growth.

The Insurance Industry recorded gross written premium of Ksh 130.65 billion in 2013 compared to Ksh 108.54 billion in 2012, representing an increase of 20.40%.   Gross earned premium increased by 16.36% to stand at Kshs. 107.18 billion in 2013 compared to Kshs. 92.11 billion in 2012. 

 

Profit before tax increased to Ksh 18.18 billion from Ksh 14.637 billion in 2012.  The overall insurance penetration increased to 3.44% in 2013 compared to 3.16% in 2012. The low penetration highlights the significant opportunities that exist in the Kenyan Insurance Market especially in commercial lines such as oil, real estate and infrastructure.

 

Click 2013 AKI Insurance Industry Report to download the complete report.

 

Previous years reports are available below:

 

  1. 2012 Industry Report 2012 AKI Insurance Industry Report
  2. 2011 Industry Report 2011 AKI Insurance Industry Report
  3. 2010 Industry Report 2010 AKI Insurance Industry Report
  4. 2009 Industry Report 2009 AKI Insurance Industry Report
  5. 2007 Industry Report 2007 AKI Insurance Industry Report
  6. 2006 Industry Report 2006 AKI Insurance Industry Report