Insurance Regulatory Authority Stories

Immigration department faces backlash over controversial foreign visitors’ insurance tender
Maureen Kinyanjui  |  Jan 16, 2025

The Public Procurement Regulatory Authority has weighed in on the matter, warning that the restricted tender violates several procurement laws.

Car dealers oppose new directive to get local marine cargo insurance for all imports
Lucy Mumbi  |  Jan 12, 2025

CIAK Chairman Peter Otieno argued that the directive contravenes international trade conventions and restricts importers’ freedom of choice.

Insurance withdrawals hit Sh13 billion as economic struggles among Kenyans deepen
Maureen Kinyanjui  |  Jan 11, 2025

The survey, published in December 2024, found that nearly half of insurance customers (44.1 per cent) skipped premium payments.

Directline gives insurance regulator 24-hour ultimatum to remove 'illegal' directors
Joseph Ndunda  |  Dec 17, 2024

Directline had written to the IRA listing the directors including SK Macharia's wife as a shareholder.

Motorists left stranded as court disputes paralyse Directline Assurance
Maureen Kinyanjui  |  Nov 16, 2024

The legal battles surrounding Directline Assurance have placed a burden on motorists and the public transport sector. 

Insurance regulator cancels license of matatu insurer Invesco
Alfred Onyango  |  Aug 15, 2024

IRA in this regard, said it has appointed the Policyholders Compensation Fund (PCF) as the Statutory Manager for the firm, under the statutory managem...

Businesses feel the brunt as flood compensation claims reach Sh3.1 billion
Alfred Onyango  |  Jun 18, 2024

Out of the 47 counties, 19 counties (40.4 per cent) reported flood-related claims to general insurance companies.

Directline Assurance still operational, says Insurance Regulatory Authority
Maureen Kinyanjui  |  Jun 11, 2024

In a statement on Tuesday, IRA Chief Executive Officer Godfrey Kiptum said the company's declaration of closure was null and void. 

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