Directline Assurance Fined KSh 85mn Over Delayed SME Payments
CAK has fined Directline Assurance Company Limited KSh 85 million for abusing its bargaining power over small auto repair businesses.
Africa Re, IFC Push to Insure Millions of Farmers Against Climate Risk
Most of Africa’s farmers are not insured against climate shocks, a gap that threatens livelihoods and food security across the continent.Billionaire Munga’s Wife Halts Sale of Britam Shares
The High Court in Nairobi has stopped the planned sale of 75 million Britam Insurance Company shares at the center of a dispute between businessman Peter Munga and the Africa Banking Corporation (ABC Bank).Quick Mart Owners Expand Into Insurance With Minet Mauritius Deal
Bima Holdings Ltd, an investment vehicle backed by Mauritius private-equity firm Adenia Partners, has secured regulatory clearance from the Competition Authority of Kenya (CAK) to acquire 100% of Minet (Mauritius) [...]
Insurance Regulator Clears Sanlam’s KSh 820.6 Mn Business Transfer to Jubilee Allianz
The Insurance Regulatory Authority (IRA) has approved the transfer of Sanlam General Insurance Limited’s entire general insurance business, valued at KSh 820.6 million, to Jubilee Allianz General Insurance (K) Limited. [...]Old Mutual Unveils Wellness App to Curb Rising Burnout
Old Mutual has launched a digital wellness platform aimed at tackling Kenya’s growing burnout and lifestyle health crisis, as the economic toll of stress-related conditions spike. “Thrive is more than [...]KDIC Updates Deposit Insurance Coverage Through June 2026
The Kenya Deposit Insurance Corporation (KDIC) has published the official list of institutions whose deposits are insured up to 30 June 2026. Deposits placed in these institutions are protected under [...]Wafa Assurance's US$317mn Acquisition of Egypt's Delta Puts Kenya’s Insurers on Alert
The planned takeover of Egypt’s Delta Insurance by Morocco’s Wafa Assurance has drawn scrutiny from the COMESA Competition Commission, as it raises questions not only about competition in North Africa [...]Kenya To Raise Compensation Limits to Bolster Trust in the Financial Sector
Regulators are moving to reinforce the Policyholders’ Compensation Fund, which protects insurance customers in the event of an insurer collapse, by raising the compensation ceiling from KSh 250,000 to KSh [...]Sanlam Kenya to Rebrand to Sanlam Allianz
Sanlam Kenya Plc has called an extraordinary general meeting (EGM) for 9 October 2025 to seek shareholder approval to change its name to Sanlam Allianz Holdings (Kenya) Plc. In 2022, [...]Kenya's Insurance Fraud Cases Dip, Industry Profits Quadruple
Kenya’s insurance industry recorded a sharp decline in reported fraud cases in the final quarter of 2024, as firms posted record profits boosted by government bond investments, according to the [...]SanlamAllianz Gains 100% Control of Jubilee Allianz Companies
Jubilee Holdings has completed the sale of its remaining stakes in Jubilee Allianz subsidiaries to SanlamAllianz Africa, fully exiting the general insurance market. For real time market updates and analysis, [...]
