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Originally published by The Standard Business
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July 18, 2025
2w ago

Insurance regulator revokes licenses of 20 brokers

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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