The Kenyan insurance industry is being challenged to address the "high-risk" perception of the Public Service Vehicle (PSV) sector, which includes matatus, boda-bodas, and digital taxis, despite its significant contribution to the national economy. Insurers are urged to innovate coverage solutions for these vital transport services.

• The PSV sector contributes 8.3% to Kenya's GDP, with the boda-boda economy alone accounting for 4.4% and circulating nearly Sh2 billion daily.
• William Kiama of the Association of Kenya Insurers (AKI) highlighted the sector's economic importance and employment creation, with one matatu creating up to eight jobs.
• Road accidents cost the Kenyan economy up to Sh800 billion annually by late 2025 and are projected to reach 10% of GDP (Sh2.3 trillion) if unchecked, according to the National Transport and Safety Authority (NTSA).
• As of November, NTSA recorded 4,380 road accident deaths, with programme director Samuel Musumba noting that behavioral issues cause 90% of incidents.