The Insurance Regulatory Authority (IRA) has announced the cancellation of operational licences for twenty insurance brokers.

In a Gazette Notice published on Friday, 18th July 2025, the Authority stated:

“The Insurance Regulatory Authority (IRA) hereby notifies the public that licences of the following twenty (20) Insurance Brokers have been cancelled pursuant to Section 196(A) of the Insurance Act (Cap. 487).”

The affected brokers ceased to operate as of 30th June 2025, according to the regulatory communication issued by the Commissioner of Insurance Godfrey Kiptum.

The notice further stated,“The insurance brokers whose names appear herein have ceased transacting insurance business effective 30th June 2025.”

Grounds for Cancellation

Section 196(A) of the Act empowers the IRA to cancel licences of brokers and intermediaries who fail to meet regulatory, operational, or financial obligations.

Reasons for revocation which according to section 196(A) include failure to remit premiums, lack of statutory returns, or breach of licensing conditions.

The public has been advised to take note of the cessation of business by the listed firms, with the Gazette indicating that the notice is binding as from the end of June.

In signing off the cancellation, the Commissioner for Insurance, Godfrey Kiptum, reaffirmed the effective date by stating:

“Pursuant to Section 196(A) of the Insurance Act, the insurance brokers whose names appear herein have ceased transacting insurance business effective 30th June 2025.”

The law mandates the IRA to issue a formal public notice to ensure that policyholders and stakeholders are fully informed.

The publication of the Gazette Notice is part of a transparency mechanism intended to protect clients from engaging with unlicensed brokers and to uphold public trust in Kenya’s insurance sector.