Insurance Regulatory Authority Stories
The findings suggest that cost and knowledge gaps remain significant hurdles to expanding insurance coverage across the surveyed nations and the regio...
Large-scale industrial and commercial consumers benefited from the Time-of-Use (ToU) tariff, saving roughly Sh1.438 billion by shifting 180.3 GWh of e...
The affected outlets include Riva Petroleum Bahati Service Station in Nakuru, Kambero Filling Station in Kisumu, King Size Filling Station in Machakos...
The inquiry seeks to establish whether the Central Bank of Kenya (CBK) bypassed procurement laws and approved direct sourcing of German firm Giesecke+...
The MPs pointed out that Section 104 of the Public Procurement and Asset Disposal Act allows direct procurement in cases of extreme urgency, but stres...
Deposit-taking Saccos, which dominate the industry with over 80 per cent of assets, loans, and deposits, showed improved financial strength.
Currently, Sasra only oversees Saccos with deposits of Sh100 million or more, leaving many smaller co-operatives under the Commissioner of Co-operativ...
According to the latest Insurance Regulatory Authority (IRA) report, total claims and policyholder benefits across general, long-term, and micro-insur...
The ruling closes avenues for governors to distance themselves from questionable procurement dealings and strengthens oversight, affirming the role of...
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...
TRA said it remains committed to supporting innovation that strengthens Kenya's position as a leading and trusted global tourism destination while saf...
The association said the monthly price revisions have become a “circus” designed to keep the public anxious and condition Kenyans to accept unpredicta...
The suspended operators have been ordered to cease operations immediately, and their licenses will remain revoked until they demonstrate full complian...
The Energy and Petroleum Regulatory Authority has outlined several proposed rules aimed at boosting local participation, tightening cost oversight, an...
The move comes amid growing concerns over rogue drivers, harassment of visitors, and vehicles operating without valid licences, which officials say po...
The Public Procurement Regulatory Authority revealed that certain officers have ignored the directive, while others have attempted to circumvent the s...
A key highlight of the new law is the introduction of a minimum bet threshold of Sh20. Any operator who permits bets below this amount risks a fine of...
Motorists Association of Kenya (MAK) blamed the government for deliberately inflating fuel prices and misusing the road levy under what they termed as...
The directive is expected to significantly disrupt communication for millions of Sudanese, especially in regions such as Darfur and South Kordofan, wh...
An internal analysis reveals that non-revenue water—water produced but not billed—has exceeded 50 per cent, straining the company’s finances, discoura...
The deregistration was carried out in accordance with Section 196(A) of the Insurance Act, which provides the legal framework for removing brokers fro...
Civil society groups will now be required to meet stricter registration, reporting and operational standards under the proposed laws.
The directive forms part of broader efforts to enhance accountability and oversight across the industry as more insurers adopt technology-driven opera...
The amount marks a 77.6 per cent increase from the Sh370.93 million worth of claims turned down in a similar period last year.
EPRA said the unlicensed facility was refilling and rebranding LPG cylinders from various licensed brands without obtaining their written consent.
The rank marks a major leap for Kenya, which climbed from fifth place in 2022, the previous edition, to the top of the rankings.
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...
In undertaking its mandate, the Central Bank may vet proposed significant shareholders, proposed beneficial owners, proposed directors and senior offi...
The ITU, which is the UN’s specialised agency for information and communication technologies, ranked Kenya 20th globally out of 194 countries assessed...
