The findings suggest that cost and knowledge gaps remain significant hurdles to expanding insurance coverage across the surveyed nations and the regio...
According to the latest Insurance Regulatory Authority (IRA) report, total claims and policyholder benefits across general, long-term, and micro-insur...
In the first half of 2025 alone, the Insurance Fraud Investigation Unit (IFIU) received 85 reports of fraudulent claims, 45 of which involved motor in...
The deregistration was carried out in accordance with Section 196(A) of the Insurance Act, which provides the legal framework for removing brokers fro...
The directive forms part of broader efforts to enhance accountability and oversight across the industry as more insurers adopt technology-driven opera...
The regulator says the structure of life insurance policies, commonly known as long-term business, makes them vulnerable to criminal abuse, highlighti...
The Insurance Regulatory Authority is working with the KRA to implement the new system, which is expected to enhance compliance and help local insurer...
The call to refocus on microinsurance comes at a critical time when climate-related disasters are becoming more frequent and severe, further exacerbat...
IRA in this regard, said it has appointed the Policyholders Compensation Fund (PCF) as the Statutory Manager for the firm, under the statutory managem...
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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