
The insurance industry surged during the first nine months of 2025, with total premiums hitting Ksh 352.29 billion, up 11.2% from 2024.
The latest data from the Insurance Regulatory Authority attributes the growth to strong demand, solid investment returns, and ongoing product innovation.
Long-term insurance led the charge, growing 12.5% to Ksh 165.36 billion, while total industry assets topped Ksh 1 trillion.
“This shows insurance is not just protecting lives—it’s mobilising savings and fuelling national development,”said Insurance Regulatory Authority, CEO, Godfrey Kiptum.
General insurance premiums rose 9.2%, even as claims costs edged higher, signalling the industry’s role in compensating policyholders.
“While claims payments increased, this is consistent with the industry fulfilling its core obligation of compensating policyholders and supporting recovery after losses. Strong claims settlement is a sign that insurance is working,” the report notes.
Microinsurance also made strides, generating Ksh 1.53 billion in premiums and extending coverage to low-income households.
Innovation remained a key driver, with 45 new or repackaged products approved across health, motor, agriculture, and investment-linked policies.
The IRA recorded 532 complaints and 57 fraud cases, highlighting its focus on consumer protection.
Backed by a stable economy, the Insurance Regulatory Authority says the insurance industry is resilient, promising continued oversight, wider coverage, and a transparent, inclusive insurance market for all Kenyans.