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Regulator shocks 20 Kenyan insurers with record fines over breaches

The insurance regulator has fined 20 insurers a record Sh94.85 million over various breaches.

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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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Matatu insurer Invesco put in liquidation again

Insurance Regulatory Authority has advised customers to stop entering into new insurance contracts with the firm.

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Insurance regulator cancels licenses of two firms

Two insurance firms operating in Kenya have been prohibited from issuing new insurance contracts with immediate effect.

Nairobi areaDama charo nzaiGodfrey kiptumSalesio kinyua njagiOthers vs invesco assurance companyInsurance regulatory authorityExplico insurance companyPolicyholders compensation fundXplico insurance company limited under statutory managementInvesco assurance company limited in liquidationExecutive officer godfreyXplico insurance company limitedInvesco assurance company limitedStatutory managementStatutory managerOfficial receiver

IRA shuts down two insurers, advises policyholders to seek alternatives

IRA shuts down two insurers, advises policyholders to seek alternatives
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