Kenya: Seven Insurers Fail to File Mandatory Returns, Face Ira Scrutiny

Nairobi — Seven insurance companies have come under scrutiny from the Insurance Regulatory Authority (IRA) after failing to submit mandatory quarterly returns, limiting the regulator’s ability to assess their financial performance and compliance.

The affected firms are Definite Assurance Company, Kenyan Alliance Insurance Company Limited (General), Kenyan Alliance Insurance Company Limited (Life), Monarch Insurance Company Limited (General), Monarch Insurance Company Limited (Life), Star…