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Originally published by Kenyans
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March 11, 2026
1w ago

IRA Takes Over Three Insurance Firms, Issues Orders to Policy Holders

IRA Takes Over Three Insurance Firms, Issues Orders to Policy Holders

The three will cease their operations effective today, with thousands of motorists and holders set to be affected by the decision...

✨ Key Highlights

The Insurance Regulatory Authority (IRA) has placed three insurance firms—KUSCCO Mutual Assurance Ltd, Trident Insurance Company Ltd, and Corporate Insurance Company Ltd—under statutory management effective March 10, 2026.

  • These companies are now prohibited from issuing new insurance policies starting March 11, 2026.
  • The Policyholders Compensation Fund (PCF) has been appointed as the statutory manager for the affected firms.
  • Existing policyholders are advised to seek alternative insurance cover from licensed insurers to safeguard against potential losses.

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