The Association of Kenya Insurers (AKI) has aired concerns over the government's plan to set up a single channel for dialogue between public institutions and the private sector.
Kenya Reinsurance Corporation, which is listed on the Nairobi Securities Exchange, has unveiled a proposal to overhaul its share structure and revamp its board of directors.
The Policyholders Compensation Fund (PCF) has hiked the maximum amount payable to policyholders as compensation on any one claim, for all classes of insurance, to KES500,000 ($3,870), in the event of an insurance company falling bankrupt.
Kenya's Ministry of Health is seeking to designate an insurance company to provide Mandatory Inbound Travel Health insurance for visitors staying in the country for less than a year.
Singapore-headquartered global InsurTech bolttech has announced that it has acquired mTek, a digital insurance platform based in Kenya. This move advances bolttech's strategic goals in East Africa and enhances its global embedded insurance capabilities.
Kenya's regulatory requirements for digital insurance are set to get stricter as the country's insurance regulator, Insurance Regulatory Authority (IRA) is drafting tougher requirements around cybersecurity, data protection and digital insurance oversight.
The Insurance Regulatory Authority (IRA) has published a set of 13 draft regulations that propose to amend existing regulations or create new regulatory frameworks for the insurance sector.
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.