In this regard, the Minister during his budget speech recognized micro insurance as a standalone class of insurance, giving it the prominence that is deserves. Ladies and gentlemen, insurance penetration in Kenya is 3% – high by African standards, but with a long way to go still.
I appeal to leaders and operators in the sector to harness the growth opportunities and to think forward, to think innovatively. For example, the recent discovery of oil and gas in Kenya has marked a significant opportunity for this sector.