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News
Creditors demand removal of United Insurance liquidator - The Standard
3+ hour, 49+ min ago (607+ words) The liquidator appointed by the High Court to manage the folding of United Insurance was yesterday asked to explain the expenditures incurred during his tenure. Kamal Anantroy Bhatt, who was appointed in 2024 appeared before Commercial High Court Judge Francis Gikonyo…...
Legal battle erupts over decades of missing insurance payouts for dead civil servants
4+ day, 3+ hour ago (83+ words) standardmedia.co.ke Legal battle erupts over decades of missing insurance payouts for dead civil servants When John Gitonga’s sister died, he hoped that the government would easily process her death-in-service benefits to take care of her orphaned children. Get…...
Family Bank bets on SMEs to drive new health insurance business
1+ week, 1+ day ago (566+ words) Family Bank has launched a new medical cover targeting SMEs, households and individual customers, marking its entrance to the growing health insurance market for small businesses. The lender, through its subsidiary Family Bank Bancassurance Intermediary Limited (FBBI), has partnered with…...
Insurers bundle investments with cover as uptake stalls
1+ week, 5+ day ago (466+ words) Kenya's insurers are increasingly combining investment products with health and life cover to boost insurance uptake, which remains among the lowest globally. The shift comes as firms look for new ways to attract customers who have traditionally avoided standalone insurance…...
Relief for the shilling as local underwriters take on marine cargo insurance
4+ week, 1+ day ago (58+ words) standardmedia.co.ke Relief for the shilling as local underwriters take on marine cargo insurance Suzuki eyes value-conscious Kenyan buyers with affordable mobility deals Diageo appoints John Musunga as Managing Director for Africa Agricultural Finance Corporation banks on wholesale model…...
East Africa must rethink insurance as economic uncertainties surge
1+ mon, 9+ hour ago (373+ words) For many people, insurance is something considered only after a crisis unfolds, after a hospital admission, a vehicle accident, a fire, or an unexpected business disruption. That reactive mindset is understandable, but it reflects a broader challenge facing our region:…...
Equity shareholders approve record Sh21.7 billion dividend payout
1+ mon, 4+ day ago (391+ words) Equity Group shareholders have approved a first and final dividend payout of Sh21.70 billion for the financial year that ended on December 31, 2025. The Sh5.75 per share dividend marks a 35.5 per cent increase from the Sh16.04 billion (Sh 4.25 per share) paid out in 2024. The…...
Maritime stakeholders call for adoption of marine insurance - The Standard
1+ mon, 5+ day ago (249+ words) As Kenya’s international trade volumes continue to grow and investments in the blue economy gather pace, industry experts are warning that businesses are exposing themselves to significant financial losses by failing to adequately insure cargo moving through global supply chains....
Insurance authority regrets low uptake in Meru
1+ mon, 1+ week ago (450+ words) Official government statistics have revealed a worrying trend in Meru County, where insurance penetration stands at a mere 1.3 percent. This despite the existence of a thriving agricultural, tourism and other sectors.According to Meru Deputy Governor Linda Kiome-Gitonga, insurance uptake…...
Now Africa's insurance industry must move beyond ambition
1+ mon, 2+ week ago (99+ words) standardmedia.co.ke Now Africa's insurance industry must move beyond ambition Over the past few years, I have had the opportunity to engage with insurance leaders, technology executives, regulators, entrepreneurs and investors across Africa and beyond. Get Full Access for…...