… Insurance Regulatory Authority Commissioner and Chief Executive Officer Godfrey Kiptum said flexible payment models that reflect consumers' cash-flow patterns could help improve insurance penetration, particularly among informal sector workers and underserved households. …
… In 2024, the Insurance Regulatory Authority’s (IRA) Annual Industry Data lists 15,000 licensed insurance agents and 237 insurance brokers, up from 14,648 agents and 226 brokers in 2023. …
… Strong risk mitigation measures, supported by robust marine insurance coverage, are key for businesses seeking to protect assets and maintain operational continuity.” To ensure increase uptake of marine insurance that could reduce importation risks, Insurance Regulatory Authority …
… Speaking during the opening of a three-day Insurance Open Day program organized by the Insurance Regulatory Authority (IRA), Ms Kiome-Gitonga said there was need for improved uptake of insurance services to spur the local economy."It is, however, a matter of concern that Meru Cou …
… I call upon Kenyans to give more women the chance to lead," she said.A director with the Insurance Regulatory Authority, IRA, Immaculate Shamalla, said giving women equal opportunity in leadership will drive the country to economic prosperity. …
… Insurance penetration dropped to 2.2 per cent of GDP in the first half of 2025, according to the Insurance Regulatory Authority and Central Bank of Kenya. …
… Additionally, the ministry will work with the Insurance Regulatory Authority to address concerns relating to insurance claims affecting public transport operators. …
The High Court ruled that the Insurance Regulatory Authority exceeded its powers when it issued a notice cancelling policies held by customers of Trident Insurance and Corporate Insurance after the companies were placed under statutory management. The court found that the statutory management regime is designed to stabilize an insurer and protect policyholders, not to automatically end existing insurance contracts.
The High Court ruled that the Insurance Regulatory Authority exceeded its powers when it issued a notice cancelling policies held by customers of Trident Insurance and Corporate Insurance after the companies were placed under statutory management. The court found that the statutory management regime is designed to stabilize an insurer and protect policyholders, not to automatically end existing insurance contracts.
Kenya's insurance industry saw gross direct premiums grow 16.5 per cent to Sh466.58 billion in 2025, while insurance penetration rose to 2.63 per cent of GDP, the highest level since 2016. Long-term insurance premiums increased 23.20 per cent to Sh236.29 billion.
KUSCCO faces an urgent court application from creditors seeking to halt a secretive Sh17.7 billion restructuring plan that would create a new entity called KEFESCO Ltd, with RUPSA arguing that the changes could affect members' rights and frustrate Sh6.1 billion claims while preservation orders remain in force.
Lawmakers have questioned the Insurance Regulatory Authority's payment of Sh342.8 million to a law firm following a dispute over legal fees. The payment also included Sh79.8 million in interest that accrued after IRA delayed settling an earlier court award, and arose from a disagreement over fees for representing the regulator in a legal dispute involving a liquidated insurance company.
The High Court has blocked the government from requiring insurance cover from tourists visiting Kenya, ruling that the Ministry of Health's directive contradicted the Ministry of Interior's authority over foreign nationals' entry and that no proper mechanism exists to handle the requirement.
Kenya's health insurance sector grew 22.4% in 2025 and became the largest class in general insurance at 41.1% of the segment, yet insurers faced a combined ratio of 108.3%, meaning they paid out more in claims than they collected in premiums, indicating a structural profitability problem alongside growth.
The Social Health Authority has enrolled 32.2 million Kenyans, described by officials as a record for health insurance uptake, but an insider reports only about 5 million members are actually remitting premiums to the scheme.
CIC Insurance Group has launched CIC Impact, a microinsurance subsidiary offering affordable insurance products for low- and middle-income earners, MSMEs, farmers and cooperatives under Kenya's Microinsurance Regulations of 2020.
Family Bank has entered the health insurance market through its subsidiary, partnering with APA Insurance to offer Family Afya, a medical cover targeting SMEs, households and individual customers with inpatient and outpatient coverage, maternity services, and treatment for chronic illnesses including cancer.
Kenya's insurers are combining investment products with health and life insurance to attract customers resistant to standalone insurance; insurance penetration fell to 2.2 per cent in the first half of 2025, well below the global average of 7.4 per cent.
African Merchant Assurance (Amaco) has seen its market share in insuring Kenya's public service vehicles fall to 21 per cent from 44.61 per cent in December 2025, according to Insurance Regulatory Authority data. Directline Assurance has grown its PSV market share to 62 per cent over the quarter to March 2026, rebounding from a 35 per cent share in the first quarter of 2025.
SACCO Societies Regulatory Authority data shows regulated saccos disbursed Sh2.79 billion in medical loans in Q1 2026, a 31 per cent increase from Sh2.13 billion in Q1 2025. This opinion piece argues the surge reflects weakened community safety nets and signals a troubling shift in the cooperative movement's role away from building economic resilience toward managing immediate healthcare crises.
Jubilee Health Insurance has introduced an instalment-based premium payment model allowing customers to activate cover after an initial payment and pay the remaining premium in up to 10 monthly instalments. Entry-level plans start at KSh3,256 per month with KSh200,000 inpatient cover and KSh40,000 outpatient benefits, targeting individuals, families, first-time buyers and SMEs with 3–50 employees.
Kenya's Nairobi International Financial Centre certified 15 new companies expected to mobilise more than US$200 million in investment and create over 1,000 direct and indirect jobs across sectors including digital finance, artificial intelligence, climate finance, and fintech.
Kenya's insurance penetration stands at barely three per cent. Stakeholders say digital adoption can help overcome barriers of access, relevance, and trust, complementing traditional agent-based distribution as younger Africans increasingly prefer digital channels for financial services.
Industry experts warn that businesses are exposing themselves to significant financial losses by failing to adequately insure cargo through global supply chains, with Kenya importing goods worth more than Sh2.7 trillion annually despite relatively low marine insurance penetration. The Port of Mombasa handles millions of tonnes of cargo annually but movement of goods remains vulnerable to vessel collisions, fires, explosions, piracy, and weather disruptions, with a single incident potentially resulting in losses running into millions.
Cases of fake motor insurance certificates are increasing across Kenya, often issued by rogue agents to unsuspecting motorists who purchased in good faith. Drivers with fake coverage face full personal liability for accident costs and are encouraged to verify policies via the Bima Yangu App or by dialling *352#.
Official statistics show Meru County has an insurance penetration rate of 1.3 percent, significantly below other counties. The Insurance Regulatory Authority and county leadership have called for increased public awareness and uptake of insurance services to spur economic development.
Former Cabinet Secretary Susan Nakhumicha has defended women in leadership and urged Kenyans to judge them based on service delivery rather than gender, arguing that women should be given the opportunity to prove their abilities in elected positions.
Kenya's insurance penetration at 2.2 per cent of GDP in the first half of 2025 leaves households vulnerable to financial shocks. March 2026 flooding killed at least 112 people across 30 counties, damaged nearly 7,000 households, and stranded at least 71 vehicles in Nairobi, with most victims lacking insurance cover to recover losses.
President Ruto directed a KSh10 reduction in diesel prices for the June-July cycle and defended the government's fuel price support measures—including Petroleum Development Fund use and a 50 per cent VAT reduction—saying they have committed KSh28.19 billion across recent pricing cycles to cushion Kenyans from Middle East conflict-driven fuel price pressures.
President William Ruto has directed the National Transport and Safety Authority to allow matatu operators to use graffiti and artwork on public service vehicles, saying the government will facilitate an enabling environment for artistic expression while ensuring safety and respect for other road users.
Kenya's insurance penetration declined to 2.2 per cent of GDP in the first half of 2025 from 2.4 per cent in 2024, well below the global average of 7.4 per cent. Insurers are expanding into underserved segments such as elderly people and children, though uptake remains limited.
The Ethics and Anti-Corruption Commission visited FKF offices as part of an ongoing investigation into an insurance scandal involving the loss of Sh42 million in funds meant for the African Nations Championship 2024. FKF President Hussein Mohammed, acting-CEO Dennis Gicheru and NEC member Abdallah Yusuf were suspended by the federation after brokerage fees were wired to an unlicensed company.
Football Kenya Federation's NEC suspended President Hussein Mohammed, acting-CEO Dennis Gicheru, and NEC member Abdallah Yusuf over the reported loss of Sh42 million in CHAN Pamoja tournament insurance funds, appointing McDonald Mariga as acting-President. The EACC, IRA, PPRA, CAF, and FIFA are investigating the matter, which Mohammed denies, claiming CAF procured the insurance and FKF made no payments to any insurance company.