Kenyan insurance companies are planning, in collaboration with the Insurance Regulatory Authority (IRA), to develop their own customs bonds verification platform after a falling-out with the Kenya Revenue Authority (KRA)-linked software supplier Kenswitch over pricing and concerns over procurement of the financial services company.
The industry’s lobby, the Association of Kenya Insurers (AKI), says plans are underway for the industry in collaboration with the IRA to develop its own system that members will be using without pay.
