Kenya based health benefits solutions provider Executive Healthcare Solutions (EHS) has entered into a sole distribution process with Axa Global Healthcare for all its international private medical insurance (IPMI) sold through Africa.
East Africa Reinsurance Company (EARe) has a track record of adequate operating performance, with return-on-equity ratios moderately exceeding inflation rates in Kenya over the past five years, notes AM Best.
The Insurance Regulatory Authority (IRA) has published draft amendments, introducing insurance coverage for risks associated with cryptocurrency holdings. Under the proposed rules, the IRA is classifying "digital asset insurance" as a new subcategory of business.
Kenya Reinsurance Corporation (Kenya Re) has reported technical profits in most years in its non-life operations since initiating corrective actions in 2020, notes AM Best.
The government has proposed to increase to 25% the proportion of business that insurers are required to place with the Kenya Reinsurance Corporation (Kenya Re), up from the current 20%, under new draft regulations.
Insurance practitioners, including brokers, in Kenya are to be registered and accredited under the Insurance Professional Act 2025, whose enactment is viewed as a landmark development in the professionalisation and regulation of the insurance industry in Kenya. The Act establishes key regulatory bodies and professional standards for the segment.
The Kenyan financial authorities will establish a periodic study review mechanism to assess and potentially increase the compensation ceiling of the Policyholders Compensation Fund (PCF), according to a draft of the Kenya National Financial Inclusion Strategy (2025-2028), released by the Central Bank of Kenya.
The Association of Kenya Insurers (AKI) is urging collaboration by schools and universities, the Ministry of Education and other stakeholders, on a joint strategy to tackle the lack of insurance and risk management in educational institutions.
Kenya's biggest publicly traded insurer by market value is planning an expansion in African nations, where the insurance penetration rate is low, to augment and diversify revenue.
Government-controlled listed reinsurance company Kenya Re has posted a 50% growth in consolidated profit after tax to KES1.58bn ($12.2m) for the six months ended 30 June 2025 from KES1.06bn for the corresponding half in 2024, according to interim financial reports released by the reinsurer.