Landmark insurance law ushers in era of professional accountability

Professionalising the insurance sector is not merely a formality—it is a direct lever for expanding access.

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In a major leap for Kenya’s financial services sector, a Bill I had the honour of sponsoring in the National Assembly—The Insurance Professionals Bill, 2024—was this week signed into law by President William Ruto.

This legislation marks the first time in our country’s history that insurance professionals—from underwriters and agents to actuaries and loss adjusters—will be subject to statutory regulation, ethical oversight, and professional development standards.

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