Compulsory marine cover rollout delayed to July on glitches

 Chief Executive Officer of the Insurance Regulatory Authority Godfrey Kiptum.

Photo credit: File | Nation Media Group

The rollout of the directive requiring importers to source marine insurance from local underwriters is now set to start next month, ending a four-and-half month delay due to a system hitch.

Insurance Regulatory Authority (IRA) Chief Executive Godfrey Kiptum said the directive, which was initially supposed to start on February 14, was delayed due to system challenges.

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