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Regulator shocks 20 Kenyan insurers with record fines over breaches

Businesses continue to close as INVESCO and XPLICO Insurance companies are put under liquidation – Kenyans to lose money thanks to RUTO

Monday, December 11, 2023 - Several Kenyans are expected to lose millions of shillings after the Insurance Regulatory Authority (IRA) placed Invesco and Xplico insurances under liquidation. IRA in a notice directed policyholders with covers offered by the two firms in liquidation to seek alternative covers from licensed insurers. IRA placed Xplico Insurance Company Limited under…

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