According to data from the Insurance Regulatory Authority (IRA) of Kenya, profits of the Kenyan insurance industry rose 16.8% in 2016 to KSh 11.1 billion (about US$108 million), while premiums increased 12.3% to KSh 194.7 billion (about US$1.9 billion). Life insurance was the fastest-growing segment, with net profit reaching KSh 5.8 billion (about US$56 million), more than tripling year on year.

Source: Website of the Ministry of Commerce