Kenyan insurance chief executives are set to significantly increase their investment in Artificial Intelligence (AI), with a majority prioritizing AI adoption to achieve faster returns, according to a recent report by KPMG.

• 73 percent of insurance CEOs rank AI adoption as their top investment priority, with 67 percent expecting returns within one to three years.
• The 2025 Insurance CEO Outlook by KPMG highlights that 67 percent of insurance firms plan to allocate between 10 and 20 percent of their budgets to AI.
• Despite the push for AI, CEOs are concerned about the lack of clear regulatory frameworks, with 77 percent believing regulatory progress could be a barrier to success.