Insurance industry nets K2bn gross written premiums

THE insurance industry has recorded K2.6 billion worth of gross written premiums despite the effects of coronavirus taking a toll on the sector.
Pensions and Insurance Authority (PIA) acting registrar Tresford Chiyavula said mid-year unaudited results show that gross written premiums under the general insurance segment stood at K1.7 billion while life insurance stood at K905 million, bringing the total to K2.6 billion.
“For 2020, notwithstanding the effects of the COVID-19 on the industry, unaudited results are showing some growth…[However], the impact of COVID-19 on the sector is yet to be fully appreciated,” Mr Chiyavula said yesterday during the launch of the Insurance Week.
He said overall, the sector recorded 18 percent growth, posting K3.8 billion from CLICK TO READ MORE

Facebook Feed