The appointment comes at a time when the country, and the industry, are grappling with the effects of the Covid-19 pandemic, and the insurance sector has been put in the spotlight for its role in cushioning businesses.
Speaking at the AGM, Mwangi re-iterated his commitment to advancing consumer rights, as well as working towards ensuring continued cohesion between sector players. He noted the challenges facing the insurance sector, and more specific legal and regulatory challenges affecting the insurance and insurance broking business in Kenya.
Advertisement
“A key focus area for the new board is working with the stakeholders to address issues such as the NHIF Bill, aspects of the BBI, and the Tax Laws (Amendment) Act 2020, that would have adverse effects on the insurance sector,” Mwangi noted.