NettetThe Insurance Regulatory Authority (IRA) in Kenya is a government agency responsible for the regulation, supervision and development of the insurance industry. When the authority identified its growing need for an updated system to collect, review and analyse data, it turned to Regnology, to achieve its goals. Nettet14. jan. 2024 · March 22, 2024. Kenya’s National Health Insurance Fund (Amendment) Act, 2024 (NHIF) which took effect on 22 January 2024, expands healthcare coverage and requires employers to pay matching NHIF contributions for their employees, unless they offer equal or better private medical coverage. Previously, employers were only …
IRA releases list of insurers with most client complaints
NettetStructural reforms have driven incredible economic growth and social development, and between 2015 and 2024, Kenya was one of Sub-Saharan Africa’s fastest-growing economies at an average annual growth rate of 5.7%. 1 The Kenyan economy grew at a sluggish 0.6% in 2024 amidst the COVID-19 pandemic, 2 but the International … Nettet31. mar. 2024 · The basics to insurance penetration boils down to recognising industry associations and having them anchored into the Insurance Act. This will make them have teeth in their pronouncements and improve professionalism in the sector. The second is disallowing banks from the insurance sector and have them go back to their core … tabetulla
Corporate governance and financial performance of insurance firms in Kenya
Nettetessential regulatory and supervisory requirements (Section 4); and (iv) preserve the continuity of insurance coverage (Section 5). 2. Capital conservation measures In general, insurers remain well capitalised with sufficient capital buffers to withstand temporary market downturns or moderate increases in unexpected insurance claims. Nettet14. jul. 2024 · In Kenya, The Advocates (Professional Indemnity) Regulations, 2004 imposed a requirement for a professional indemnity cover to be purchased by every Advocate practicing on his own behalf. The cover professional indemnity for lawyers and advocates is to be used in the compensation of clients for loss or damage from claims … Nettetin Kenya. There are two broad categories of insurance: General or Non-Life Insurance (short-term) and Life Insurance (long-term). General Insurance. Life Insurance. … brazil jersey amazon