Insurance Regulatory Authority (IRA)

5 Articles

90% of the policyholders were clients of their medical insurance business. [Photo/ TheInformer]

Resolution: What’s Next for Stranded Customers

“Resolution Insurance owed creditors, had incurred claims worth Sh2.5 billion, and had collected premiums worth Sh4.1 billion as of December 31, 2020. The...

MARTIN SIELE1 Mins read

To receive compensation, the Policyholders Compensation Fund (PCF) will require Resolution clients to provide proof of their claims. [Photo/ BBC]

Resolution Insurance Clients to Get Upto Ksh250,000 Each – How to Claim

The collapse of Resolution Insurance followed its failure to settle claims or honor obligations to creditors. There had been mounting complaints from consumers...

MARTIN SIELE2 Mins read

Resolution's Health Insurance division, in particular, made its presence felt in the market. [Photo/ KMI]

The Fall of Resolution Insurance

On Tuesday, April 5, the Insurance Regulatory Authority (IRA) confirmed the worst as it announced that the firm had entered receivership due to...

MARTIN SIELE2 Mins read

The suit was filed by the Kenya Human Rights Commission (KHCR) in response to price hikes and adjusted terms by insurance companies.

Court Blocks Insurance Companies’ Increase of Premiums

The suit was filed by the Kenya Human Rights Commission (KHCR) in response to price hikes and adjusted terms by insurance companies. KHCR...

MARTIN SIELE1 Mins read

Insurance Agents Race to Beat September Deadline for Renewal

If it is established upon inspection of an insurance company that they are dealing with or have dealt with an insurance agent or...

MARTIN SIELE3 Mins read

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