answersLogoWhite

0

The role of insurance in the economy of Kenya is to prevent catastrophic loses due to death, natural disasters, or unforeseen circumstances. Insurance also generates large amounts of income due to its business model.

User Avatar

Wiki User

11y ago

What else can I help you with?

Continue Learning about Natural Sciences

What are the key players in insurance industry in Kenya?

There are many insurance companies in Kenya. But choose the best insurance companies in Kenya through their past experience and their financial strength. Research on the companies by visiting their website and reading their reviews.


What is the role of ICT in Kenya?

ICT plays a crucial role in Kenya by driving economic growth, improving service delivery, enhancing communication, and promoting innovation. It has facilitated the growth of various sectors such as agriculture, finance, education, and healthcare. Additionally, ICT has created job opportunities, supported entrepreneurship, and connected Kenya to the global digital economy.


Who possesses the factors of production for Kenya?

The factors of production in Kenya are owned by a mix of private individuals, businesses, and the government. Private individuals and businesses predominantly own physical capital and entrepreneurship, while the government may own some natural resources and provide infrastructure and public services. Kenya has a market-oriented economy where these various entities play a role in the production process.


What is the role of geography to national development in Kenya?

[object Object]


What are the main industries in Kenya?

The main industries in Kenya include agriculture, tourism, manufacturing, financial services, and technology. Agriculture is a significant contributor to the economy, with tourism also playing a key role in generating revenue. Manufacturing is growing, particularly in sectors like food processing and textiles. Financial services and technology are also emerging as important industries in Kenya.

Related Questions

What is Kenya's developing economy based on?

Kenya's developing economy is based on agriculture and tourism.


What are the key players in insurance industry in Kenya?

There are many insurance companies in Kenya. But choose the best insurance companies in Kenya through their past experience and their financial strength. Research on the companies by visiting their website and reading their reviews.


Why did Kenya's economy prosper?

Capitalist economic policies caused Kenya's economy to prosper.


What is the economy like in Kenya?

anonymously


What country is the least likely to have people using a traditional economy?

Kenya


The role of insurance in Nigeria economy?

Probably fraud like everything else involved with Nigeria.


What role does insurance play in the economic development of nigeria?

Insurance plays a very significant role in the economic development of Nigeria. With the insurance covers, more people are able to take the risk on investment which greatly boosts the economy.


What has the author Humbert O Nelli written?

Humbert O. Nelli has written: 'The insurance business and its role in the economy and growth of a state' -- subject(s): Insurance companies 'The private insurance business in the United States economy' -- subject(s): Economic conditions, Insurance


Does Kenya support its economy?

tho hklkjghkjhgkhjklghklkhjklljkjkhjkhhgfgfdgdssaaAasd


What is Kenya economy based on?

Agricultural


What is the role of ICT in Kenya?

ICT plays a crucial role in Kenya by driving economic growth, improving service delivery, enhancing communication, and promoting innovation. It has facilitated the growth of various sectors such as agriculture, finance, education, and healthcare. Additionally, ICT has created job opportunities, supported entrepreneurship, and connected Kenya to the global digital economy.


What is the strongest sector of the Kenyan economy?

The service sector, particularly financial services, communication, and tourism, is one of the strongest sectors of the Kenyan economy. Agriculture also plays a significant role in Kenya's economy, employing a large portion of the population.