
Insurance penetration rate in Kenya 2016-2020
global insurance penetration was over seven percent in 2020.
As of 2020, the insurance penetration rate in Kenya decreased to 2.17 percent, down from 2.34 percent in the preceding year. It kept a descending tendency since 2016, when the indicator amounted to 2.78 percent. The rate shows how developed the insurance sector is in a specific country, relating the total amount of insurance premiums to the Gross Domestic Product (GDP). The average