EAC regulators eye common insurance supervision rules

Kenyan Commissioner of Insurance Godfrey Kiptum.

Photo credit: File | Nation Media Group

Insurance regulators from six East African countries are moving towards common supervision rules in a push to create a more harmonised insurance market and ease compliance for companies operating across borders.

The East African Insurance Supervisors Association (EAISA), bringing together regulators from Kenya, Uganda, Tanzania, Rwanda, Burundi and the Democratic Republic of Congo, adopted a harmonised insurance core principles assessment template during a recent meeting held in Nairobi.

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