Jubilee Allianz General Insurance (Kenya) Limited has received a capital injection of Sh2.75 billion from its shareholders, enhancing its ability to meet the Insurance Regulatory Authority’s (IRA) capital adequacy requirements.

• This capital boost puts the company above the 100% capital adequacy threshold, ensuring compliance with regulatory standards.
• The insurer is a joint venture between Allianz Group and Jubilee Holdings, formed after Allianz acquired a 66% stake in Jubilee’s general insurance business.
• The increase in capital comes amid heightened regulatory scrutiny in the insurance sector, aimed at maintaining insurer resilience against economic volatility.