| Life premium volume (USD) | 336 mn |
|---|---|
| Non-life premium volume (USD) | 617 mn |
| Total premium volume | 953 mn |
| Total premium volume (KES) | 76 bn |
| Insurance penetration: Premiums in % of GDP | 2.38% |
| Insurance density: Premium / capita USD | 24.8 |
| Local currency | KES |
| Domestic life insurers | 6 |
|---|---|
| Domestic non-life insurers | 24 |
| Domestic composite insurers | 11 |
| Foreign life insurers | |
| Foreign non-life insurers | |
| Foreign composite insurers | |
| Domestic reinsurers | |
| Foreign reinsurers | 9 |
| State-owned insurers | |
| State-owned reinsurers | 1 |
| Insurance intermediaries | |
| Reinsurance intermediaries |
| Overarching principle in insurance supervision | Financial supervision |
|---|---|
| Requirement for minimum insurance rates | Yes |
| Cross-border insurance allowed | No |
| Bancassurance is allowed | No |
|---|---|
| Allowed ownership structures | Stock Companies, Mutuals |
| Foreign ownership restrictions | Yes |
| Minimum capital requirement | KSH 150mn - KSH 500mn |
| Minimum paid-up share capital | KSH 150mn - KSH 500mn |
| Requirement for independent audits | Yes |
| Requirement to appoint actuaries | Yes |
| Premium rate approval needed | Yes |
| Solvency referred to as the difference between assets and liabilities | Yes |
|---|---|
| RBC (Risk-based capital) principles applied | Yes |
| Ceded reinsurance is regarded as a permissible asset | Yes |
| Compulsory insurance lines | Motor TPL, Aviation TPL, WC etc. |
| Compulsory reinsurance cessions | Yes |
| Established guarantee or policyholder protection fund | Yes |
|---|
