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The marine Insurance Markets

The Kenya Marine Insurance Market

Insurance companies licensed to do general insurance can be licensed to underwrite marine insurance. In 2010, virtually all companies doing general insurance business were licensed to underwrite marine insurance., however, cargo insurance is a major component of marine insurance portfolio and constitutes about 90 percent of the total marine insurance business transacted in the country. Enquiries normally relate to imports, exports, intra(domestic) interstate transits. The capacity required for hull, other than small vessels is not currently available on the market.

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