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Originally published by The Standard Business
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June 13, 2026
6h ago

Low insurance uptake fuels sector's shift

Low insurance uptake fuels sector's shift

Jubilee Holdings is betting on digital platforms and retail insurance to boost coverage in East Africa, where insurance penetration remains among the lowest globally...

✨ Key Highlights

Low insurance penetration in East Africa, including Kenya at 2.1%, is driving industry players to adopt new strategies, with Jubilee Holdings announcing a significant push into retail and digital insurance.

  • Jubilee Holdings reported an 18% rise in net profit to Sh5.6 billion for the year ended 2025.
  • The company's Chairman, Zul Abdul, stated a focus on building a broader financial wellness ecosystem.
  • CEO Dr. Julius Kipngétich highlighted digitalisation as the main focus for 2026 to increase market penetration.

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