Insurance Regulatory Authority (IRA)

Insurance agent forgery hurting sector, IRA says

Reading Time: 2 minutes The increase in fraudulent claims and forgery by agents continues to hurt insurers’ earnings as perpetrators get more refined, the […]

Get insurance cover for rainy day, boda boda riders urged

Reading Time: < 1 minute Informal sector workers such as boda boda and matatu operators should take up insurance cover against unforeseen circumstances, the Insurance […]

Insurers eye windfall ahead of August polls

Reading Time: 2 minutes Association of Kenya Insurers (AKI) predicts a bountiful 2022 for the insurance sector after dodging coronavirus bullets in the last […]

Insurance brokers wary of new NHIF Bill ahead of Senate date

Reading Time: 2 minutes National Hospital Insurance Fund (NHIF) Amendment Bill, 2021 may cripple the insurance industry, says the Association of Insurance Brokers of […]

Insurers to pay Sh1.3b Covid-19 virus claims

Reading Time: 2 minutes Insurers offering medical covers for treatment of Covid-19 paid claims worth Sh1.3 billion between March 2020 and June 2021 during […]

Only 20pc of Kenyans have medical cover

Reading Time: 2 minutes Less than a quarter of Kenyans or just 11 million out of about 55 million Kenyan population has some form […]

Insurers told to embrace digitisation to prosper

Reading Time: 2 minutes Insurance companies can turn the sector’s revenue on its head and survive the Coronavirus pandemic blues if they digitise their […]

Fraud, forged claims surged in Q2 of 2021

Reading Time: 2 minutes Fraudulent claims and forgery continue to shed earnings at insurance firms as culprits get more sophisticated, says recent Insurance Regulatory […]

Insurers post 19pc jump in premiums for Q2, 2021

Reading Time: 2 minutes Insurance premiums increased by 19 per cent in the second quarter of 2021 to hit Sh144.02 billion from Sh121.04 billion in […]

Uncertainty expected to hit markets, report indicates

Reading Time: 2 minutes Uncertainty being witnessed in the stock markets is expected to continue for a while, industry trends indicate. Investment firm Genghis […]