The Insurance Regulatory Authority (IRA) has issued a guidance note on cyber security for the insurance industry, pointing to heightened exposure to cybersecurity threats and data breaches as the insurance sector in Kenya undergoes rapid digital transformation.
Lloyd's of London will set up a regional office in Nairobi in an agreement signed in London with the Nairobi International Financial Centre Authority.
The Insurance Regulatory Authority is working with the Kenya Revenue Authority (KRA) to implement a new marine cargo insurance system that has been delayed since February 2025.
Nairobi-headquartered financial services holding company Jubilee Holdings has announced a record dividend payout of KES978m ($7.6bm) for the 2024 financial year.
A directive in Kenya that all imports into Kenya must be insured by local insurance companies is shifting the dynamics in the insurance industry in Kenya and can be seen as having the potential to reshape the country's economic future, according to a commentary posted on the website of the global law firm, Clyde & Co.
The Policyholders Compensation Fund (PCF) is seeking public input on how to raise the compensation limit for insurance policyholders whose insurers go under. It views the current payout ceiling as inadequate.
The Insurance (Amendment) Bill, 2025, is currently being prepared for its first reading in the Senate. If passed, it will amend the Insurance Act, to provide more robust protection against discriminatory practices, ensuring that all Kenyans have equal access to insurance.
The Competition Authority of Kenya (CAK) has approved the proposed acquisition of 65% of the issued share capital in Takaful Insurance of Africa by Tamini Insurance unconditionally.
Prudential Assurance has announced plans to recruit and train more than 5,000 sales agents across Kenya over the next five years. This plan will increase its agency channel from 1,000 at present to over 5,000.
London-headquartered international private medical insurance provider Bupa Global, has opened in Nairobi, its first office in Africa after obtaining a licence from the Insurance Regulatory Authority (IRA).