Insurance Regulatory Authority Stories
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...
The operation targeted what was described as a “major unlawful fuel siphoning den” in the area.
According to the Public Benefit Organisations Regulatory Authority, only 4,000 out of the 14,000 NGOs registered in Kenya are currently compliant.
This is a sharp rise from the current threshold of 5,000 cylinders and is expected to shake up the liquefied petroleum gas (LPG) industry by locking o...
Saudi Aramco, Emirates National Oil and Abu Dhabi National Oil will continue to supply gasoline, diesel, kerosene and jet fuel to the East African nat...
The highest energy imports were recorded in November at 134.18 GWh, while the lowest occurred in July at 106.11 GWh.
However, the record of new customer connections is a decline compared to the same period in the previous financial year, which recorded a total of 260...
Most cases emanated from the motor industry, with fraudulent motor accidents recording 16 cases, up from two in the previous corresponding quarter.
The app benefits guards by granting them the ability to choose their assignments, set their working hours, and take time off as required.
The call to refocus on microinsurance comes at a critical time when climate-related disasters are becoming more frequent and severe, further exacerbat...
The fraud, which occurred between January 2016 and June 2021, was uncovered by Reuben Gitahi & Associates Forensic Services, a firm hired by Energy Sa...
The Sh30,000 wage comprises a basic salary of Sh18,994, a house allowance of Sh2,849.11, and an overtime allowance of Sh8,156.81.
The Insurance Regulatory Authority data shows that 14 out of 21 medical insurers posted underwriting profits in the first half of 2024.
According to Wa Iria, the Public Procurement Regulatory Authority will escalate cases of non-compliance to relevant enforcement agencies for appropria...
Nyange had previously held the position but for a short tenure following the revocation of former chair Stephen Ng'ang'a's appointment.
These saccos are said to have met the necessary regulatory requirements and are authorised to operate from January 1, 2025, to December 31, 2025.
This timeline stands in stark contrast to President Ruto's directive issued late last year, which called for the full automation of government procure...
The Public Procurement Regulatory Authority has weighed in on the matter, warning that the restricted tender violates several procurement laws.
CIAK Chairman Peter Otieno argued that the directive contravenes international trade conventions and restricts importers’ freedom of choice.
The survey, published in December 2024, found that nearly half of insurance customers (44.1 per cent) skipped premium payments.
The regulations follow a deadly gas explosion in February 2024 that claimed six lives and injured over 200 people.
Directline had written to the IRA listing the directors including SK Macharia's wife as a shareholder.
These new prices will remain in force for the next 30 days until January 14, 2025, when the next review will be done.
