Insurance Regulatory Authority (IRA) , whose mandate is to regulate, supervise and develop the insurance industry , showed positive outcome in the released report for the second quarter of 2015. Some of the activities that IRA take to develop insurance industry in Kenya include Executive Certificate…

High interest on bonds to hit bank, insurers’ earnings Banks and insurance companies’ earnings are expected to take a hit from unrealised losses arising from the recent hike in interest rates for Treasury bills and bonds. Interest rates of the bills have shot to 20.6 per…

Insurance sector sinks into losses in first half of year The insurance sector posted underwriting loss in general business in the six months to June following a spike in claims in the motor and medical classes. The insurance sector recorded a loss of Sh104 million in…