From risk to resilience: Why East Africa must rethink insurance

Across East Africa, insurance remains one of the most misunderstood financial tools despite its growing importance in everyday life and business. Insurance penetration across the region remains low roughly 2.4% of GDP in Kenya, about 2.1% in Tanzania, and under… Across East Africa, insurance remains one of the most misunderstood financial tools despite its growing importance in everyday life and business. Insurance penetration across the region remains low roughly 2.4% of GDP in Kenya, about 2.1% in Tanzania, and under 1% in Uganda underscoring both the scale of under protection and the opportunity for growth. […] The post From risk to resilience: Why East Africa must rethink insurance appeared first on KBC Digital.