The Association of Kenya Insurers (AKI) has officially released the 2023 Insurance Industry Market Report, adopting the IFRS-17 reporting standard to enhance transparency and provide globally standardized financial indicators for investors, analysts, and rating agencies.

Speaking at the report’s dissemination, AKI Chairman, Mr. Tom Gitogo, acknowledged the delay in its release, citing the challenges of transitioning to IFRS-17. “2023 being the first year of IFRS-17 implementation,...

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