Pension assets stand at K16bn
Published On July 15, 2024 » 427 Views» By Times Reporter » Business, Stories
 0 stars
Register to vote!

By SNIKE MZULAH –
THE pensions industry has more than doubled it’s net asset’s from K7 billion to K16 billion in the last five years
Pensions and Insurance Authority (PIA) registrar and chief executive officer Namakau Ntini says the industry has increased its net assets to K16.55 billion as at December 31, 2023 from K7.96 billion as at December 31, 2019.
Ms Ntini said the insurance industry had also seen an increase in gross written premiums to K6.03 billion as at December 31, 2022 from K3.18 billion as at December 31, 2018 with an average growth rate of 17.14 per cent per annum.

Read more

Share this post
Tags

About The Author