Prime

A third of insurers risk ban for failing to comply with law

Association of Kenya Insurers (AKI) chairman Mark Obuya (left) and executive director Tom Gichuhi (right) with Insurance Regulatory Authority chief executive Sammy Makove at the launch of AKI Market Report last August in Nairobi. Photo/File

A third of Kenya’s insurance companies risk deregistration after failing to comply with regulatory requirements by the December deadline with breach of ownership limits coming top.

Insurance Regulatory Authority (IRA) chief executive Sammy Makove said that 15 insurers have failed to meet regulatory requirements including shareholder limits, financial health and integrity of directors and executives.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.

Get it First!

Stay up to date on the editors' picks of the week.

Latest

  1. PRIME Early winners as Lamu refinery project kicks off

  2. PRIME Sacco accounts holding millions rise to 154,000

  3. DN Kimani Ichungwah 0301 b

    PRIME Teachers face tighter misconduct rules in proposed changes

  4. PRIME How worker assaults sparked exit of security boss of giant tea firm

In the headlines

View All