Kenya’s insurance industry faces opportunity to build a broader culture of protection

Penetration below the African average is no verdict on demand, the demand sits in the 96 percent private health cover never reaches.

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Last year, Kenya’s long-term, or life, insurance premiums increased by 23.1 percent to Sh235.39 billion, while general insurance, which includes motor and medical cover, grew by 11.4 percent to Sh227.17 billion.

That momentum has continued into 2026, with the Insurance Regulatory Authority reporting a sharp rise in the first quarter, led by a 36.3 percent increase in long-term gross premium income to Sh72.87 billion.

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Note: The results are not exact but very close to the actual.