News
Fresh State Board changes as Ruto, CSs appoint and reappoint officials
The President also appointed Moses Narok to chair the board of the LAPSSET Corridor Development Authority for one year.
Insurance Regulatory Authority
Business
Motor insurance bleeds as claims leave insurers with Sh8.2 billion loss
The latest report by the Insurance Regulatory Authority (IRA) shows motor insurance posted a combined underwriting loss of Sh8.2 billion during the year, the highest among all insurance classes.
News
Ruto orders review of Insurance Act, to fix matatu and digital taxi pressures
The President said the reforms would help create a more responsive and accountable system for transport operators while restoring confidence in insurance services and easing financial pressure across the public...
Business
IRA places three insurers under statutory management over solvency failures
The affected insurers are Trident Insurance Company, KUSCCO Mutual Assurance Limited, and Corporate Insurance Company.
News
Bancassurance sector pushes for regulatory overhaul to match industry evolution
Bancassurance, where banks offer insurance products, has been instrumental in expanding coverage. But industry leaders say its future is threatened without an overhaul of existing policies and oversight mechani...
News
Matatu operators urge government to address issues with insurance firms
Machakos MP Caleb Mule tabled the petition in Parliament, highlighting serious grievances against three specific insurance firms.