Tag: Insurance

Requirements for starting an insurance company in Kenya

Requirements for starting an insurance company in Kenya

An insurance company, also known as insurer, is a company that contracts to indemnify another in the event of loss or damage. The Insurance Regulatory Authority (IRA) is a statutory government agency that regulates, supervises and develops the insurance industry. It's also mandated to register new insurance companies in Kenya. ...

Requirements for starting an insurance brokerage in Kenya

Requirements for starting an insurance brokerage in Kenya

An insurance broker sells, solicits, or negotiates insurance policies for compensation. A reinsurance broker is acts as an intermediary between an insurance company and a reinsurance company. Medical Insurance Providers (MIPs) cover the whole or a part of the risk of a person incurring medical expenses. The Insurance Regulatory Authority ...

Factors to know when buying insurance

Factors to know when buying insurance

Buying insurance is an important commitment and useful investment. This is because every insurance decision you make can change your life. Therefore, it is vital that you know what to look for when buying insurance to make sure that you make the best insurance move for yourself, your loved ones, ...

Licensed insurance companies in Kenya

Licensed insurance companies in Kenya

The insurance sector is one of the most thriving, not only in Kenya but across the world. Though, there is to some extent, low penetration in personal insurance cover, entities and government institutions from all sectors are huge insurees. As the economy of the country keeps growing, the key bedrock ...

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