Insurance Regulatory Authority (IRA)
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‘Null and void’ – IRA dismisses decision to shut down Directline Assurance
Reading Time: 2 minutes The Insurance Regulatory Authority (IRA) has dismissed the decision to close down Directline Assurance Company Limited. Commissioner of Insurance and […]
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Insurance agent forgery hurting sector, IRA says
Reading Time: 2 minutes The increase in fraudulent claims and forgery by agents continues to hurt insurers’ earnings as perpetrators get more refined, the […]
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Get insurance cover for rainy day, boda boda riders urged
Reading Time: < 1 minute Informal sector workers such as boda boda and matatu operators should take up insurance cover against unforeseen circumstances, the Insurance […]
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Insurers eye windfall ahead of August polls
Reading Time: 2 minutes Association of Kenya Insurers (AKI) predicts a bountiful 2022 for the insurance sector after dodging coronavirus bullets in the last […]
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Insurance brokers wary of new NHIF Bill ahead of Senate date
Reading Time: 2 minutes National Hospital Insurance Fund (NHIF) Amendment Bill, 2021 may cripple the insurance industry, says the Association of Insurance Brokers of […]
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Insurers to pay Sh1.3b Covid-19 virus claims
Reading Time: 2 minutes Insurers offering medical covers for treatment of Covid-19 paid claims worth Sh1.3 billion between March 2020 and June 2021 during […]
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Only 20pc of Kenyans have medical cover
Reading Time: 2 minutes Less than a quarter of Kenyans or just 11 million out of about 55 million Kenyan population has some form […]
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Insurers told to embrace digitisation to prosper
Reading Time: 2 minutes Insurance companies can turn the sector’s revenue on its head and survive the Coronavirus pandemic blues if they digitise their […]
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Fraud, forged claims surged in Q2 of 2021
Reading Time: 2 minutes Fraudulent claims and forgery continue to shed earnings at insurance firms as culprits get more sophisticated, says recent Insurance Regulatory […]
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Insurers post 19pc jump in premiums for Q2, 2021
Reading Time: 2 minutes Insurance premiums increased by 19 per cent in the second quarter of 2021 to hit Sh144.02 billion from Sh121.04 billion in […]