Nairobi, Aug. 9 -- Life insurers registered a sharp rise in premium income in the first quarter of 2026, lifted by a surge in National Social Security Fund (NSSF) savings channelled through insurance products.

According to the Insurance Regulatory Authority (IRA), gross premium income under long-term insurance business rose by 36.3 percent to Sh72.87 billion in the three months to March, up from Sh53.44 billion in a similar period last year.

The growth was largely driven by deposit administration and investment-linked business, reflecting increased retirement savings and improved uptake of structured long-term products.

Deposit administration is a plan administered by a life insurance company where pension funds accumulate in a master ...