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Varying standards curtail Kenyan insurers' regional foray

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Kenya Re Managing Director Dr Hillary Wachinga. [Jonah Onyango, Standard]

Regional disparity in insurance sector standards forces Kenyan firms to incur extra costs to train staff in new markets where they set up subsidiaries.

These differences in the sector may be contributing to the slow pace of Kenyan insurance firms expanding to the rest of the region compared to banks.

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