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Originally published by The Standard Business
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November 28, 2025
5d ago

State pledges insurance sector revamp

State pledges insurance sector revamp

The Kenyan government has reiterated its commitment to fostering the growth of the local insurance services industry..

✨ Key Highlights

The Kenyan government has reiterated its commitment to revitalizing the local insurance services industry, aiming to strengthen the financial sector and foster economic growth. This announcement coincided with the rebranding of Sanlam Kenya to SanlamAllianz Holdings (Kenya), following a joint venture that creates Africa’s largest non-banking financial services entity.

  • National Treasury Cabinet Secretary John Mbadi emphasized efforts to build a resilient and inclusive financial sector, highlighting the insurance sector as a "quiet engine of every modern economy."
  • The government is scaling up regulatory reforms through the Insurance Regulatory Authority (IRA) to enhance oversight, protect consumers, and drive innovation, including frameworks for digital asset insurance and standardized claims processes.
  • The newly rebranded SanlamAllianz Holdings (Kenya), now part of SanlamAllianz with over 200 years of combined experience on the continent, plans to deploy innovative technology-based solutions to improve client experience and distribution.

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