IRA CEO Godfrey Kiptum/Photo Courtesy
Kenya’s insurance sector in crisis as regulator takes over three firms.
The Insurance Regulatory Authority (IRA) has placed three insurance companies under statutory management in a sweeping crackdown that signals deepening distress in Kenya’s insurance sector. Trident Insurance Company Limited (TIC), KUSCCO Mutual Assurance Limited and Corporate Insurance Company Limited (CIC) were all placed under statutory management on March 10, 2026, in a move that affects…
