Insurance regulator revokes licenses of 20 brokers

Insurance Regulatory Authority cancels licenses of 20 insurance brokers, including Ibsa and Nexus, says cessation of operations effective June 30...
✨ Key Highlights
The Insurance Regulatory Authority (IRA) has revoked the licenses of 20 insurance brokers, ordering them to cease operations effective June 30, 2025, due to unclear circumstances.
- The brokers whose licenses have been cancelled include notable firms such as African Continent Insurance Brokers Limited and Solian Insurance Brokers Limited.
- The decision was announced by Godfrey Kiptum, the Commissioner of Insurance.
- This action is part of IRA's increased regulatory enforcement against non-compliance with the Insurance Act.
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