Globus, Jubilee tie up to boost pan-African insurance

The appointment of Kenya’s Jubilee Insurance CEO, Patrick Tumbo, as a director of the largely West African-dominated pan-African Globus Network, marks a significant new era of increased East-West African financial partnership. Kenya’s insurance sector has already recorded the highest growth rate in Africa and the second-highest in the world and profits have been excellent. Could this be the end of Africa’s notoriously low insurance penetration rates?

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Published in African Banker, November 2014