PCF disburses Sh390.8mn in insurance claims
Xplico Insurance accounted for the largest compensation at Sh137.8 million, followed by Invesco Assurance at Sh101.4 million, Resolution Insurance at Sh92.4 million, BlueShield Insurance at Sh44.6 million, Concord Insurance at Sh9 million, Standard Assurance at Sh4.6 million, and..
✨ Key Highlights
The Policyholders Compensation Fund (PCF) has disbursed Sh390.8 million in insurance claims to policyholders and claimants affected by the collapse of several insurance companies.
- Sh390.85 million has been settled for policyholders of insurers in statutory management or liquidation as of March 31, 2026.
- The PCF has commenced compensation claims for customers of Trident Insurance Company Limited.
- The fund is conducting public awareness campaigns, including the PCFMtaani initiative, to inform eligible claimants about compensation up to Sh500,000 per claim.
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Court clears Safaricom stake sale to Vodacom - June 2026
The Court of Appeal has cleared the way for the Kenyan government's planned sale of a 15 percent stake in Safaricom to South Africa's Vodacom, lifting previous conservatory orders that had suspended the transaction. Meanwhile, RUPSA Sacco has asked the High Court to place KUSCCO under insolvency proceedings, citing the cooperative's substantial liabilities of Sh17.7 billion and audit findings. In a separate development, the Policyholders Compensation Fund has disbursed Sh390.8 million in insurance claims to policyholders and claimants affected by the collapse of several insurance companies.
