NCBA Group has finalized the full acquisition of AIG Kenya Insurance Company, further expanding its grip on Kenya's insurance sector.
The lender is tapping into a sizeable insurance industry in Kenya valued at Sh309 billion and which continues to grow at a Compound Annual Growth Rate of 10 percent. "With insurance increasingly becoming a basic financial need for our customers, an ecosystem of NCBA's physical and digital distribution platforms and AIG Kenya's insurance capabilities will unlock opportunities to catalyze deeper insurance market penetration in Kenya and the East Africa region."
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