Kenya's insurance industry recorded strong growth with gross direct premiums rising 16.5% to KES466.58bn ($3.61bn), up from KES400.59bn in 2024, according to a statement released by the Insurance Regulatory Authority (IRA).
Having previously served as General Manager for Kenya, bolttech has promoted Ms Bente Krogmann to the role of General Manager, Africa, an expanded regional role leading the InsurTech's business across the region, including Kenya and South Africa.
Listed reinsurer Kenya Reinsurance Corporation (Kenya Re), which is 60% owned by the government, has posted a record KES2.25bn ($17.32m) in consolidated net profit for the first half of this year, 42.8% higher compared to the corresponding half in 2025.
Kenya Reinsurance Corporation (Kenya Re) has a strong capital position, which GCR Ratings placed at $460.3m (KES59.49bn), supported by sound earnings retention.
A Bill now being discussed by the Senate, when passed, will require all vehicles in Kenya to undergo an annual emissions test and certificates issued to compliant vehicles.
Specialist development finance agency FSD Africa and East Africa's largest and composite insurer Jubilee Group have signed a Memorandum of Understanding (MoU), marking FSD Africa's first partnership with an insurer.
Shareholders of Nairobi-headquartered Equity Group Holdings have approved an insurance expansion into Kenya and the Democratic Republic of Congo, at the Group's 22nd Annual General Meeting held last week.
Treasury Cabinet Secretary John Mbadi has announced that the Government has initiated amendments to the Insurance Act to establish agricultural insurance as a standalone class of insurance business.
The Insurance Regulatory Authority (IRA) has issued a directive stating that all importers shall be required to digitally place marine cargo insurance cover for their imports with domestic insurers via a digital platform, prior to obtaining customs clearance.
African regulators and development finance institutions are working on frameworks that could unlock more domestic capital for regional infrastructural projects, according to Dr Corneille Karekezi, the Group Managing Director of Africa Re.