When politicians invest in insurers, trust gap widens

The article examines the impact of political ownership on consumer trust in the insurance sector in Kenya. Changes to the Insurance Act in 2009 limited foreign investment and often led to unequal investments, particularly by politicians. This raises questions about insurers' ability to honor claims in the event of a catastrophe, despite strict regulations on insurance reserves. Trust in the sector remains very low, worsened by these political connections.