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Seven insurers face IRA fines for reporting gaps

Seven insurance firms face fines from the regulator after missing the deadlines for submitting records of their business performance.

Insurance regulatory authorityPolicyholders compensation fundMonarch insurance companyAfrican merchant assurance company amacoCorporate insuranceMonarch insurance generalExplico insuranceInvesco assuranceTrident insuranceAfrican merchant assurance companyKuscco mutual assuranceMonarch insurance company limited generalInsurance actInvesco insurance

Regulator punishes 10 insurance firms, triples industry fines

Fines to insurers for various breaches, including late payment of claims and failure to submit audited accounts tripled to Sh56.9 million.

Kenya alliance of insurance companyInvesco assurance companyNational insuranceCompetition authority of kenyaInsurance regulatory authorityExplico insurance companyAssurance companyInsurance companyResolution insuranceKenya allianceTrident insurancePioneer insuranceCorporate insuranceSanlam generalMonarch insuranceAfrican merchant assurance

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