Trident Insurance clients to receive compensation payouts after collapse
PCF said the move follows its mandate under the Insurance Act to cushion policyholders when insurers are placed under statutory management or have their licenses revoked. Kenya breaking news | Kenya news today |..
✨ Key Highlights
The Policyholders Compensation Fund (PCF) has begun paying out compensation to clients of Trident Insurance Company Limited following its collapse. This action aims to provide relief to hundreds of customers affected by the insurer's failure.
- Compensation payouts are capped at Sh500,000 per claim.
- The Policyholders Compensation Fund (PCF), a state corporation under the National Treasury, is facilitating the payments.
- Affected claimants have a two-year window, starting April 14, 2026, to submit their claims via the PCF online portal.
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Trident Insurance clients to receive compensation payouts after collapse - April 2026
The Policyholders Compensation Fund began paying out compensation to clients of Trident Insurance Company Limited following its collapse, providing relief to hundreds of customers affected by the insurer's failure. SIC Investment Co-operative is facing crippling losses of up to Sh2 billion due to years of mismanagement and fraudulent practices, leaving thousands of members and customers facing significant financial distress. The Nairobi Securities Exchange admitted Fincredit SEZ Limited into its Ibuka Programme, an incubator platform aimed at helping small and medium-sized enterprises scale and prepare for listing on the stock exchange.
