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Originally published by Capital Business
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business
July 15, 2026
4h ago

Seven insurers fail to file mandatory returns, face IRA scrutiny

Seven insurers fail to file mandatory returns, face IRA scrutiny

The affected firms are Definite Assurance Company, Kenyan Alliance Insurance Company Limited (General), Kenyan Alliance Insurance Company Limited (Life), Monarch Insurance Company Limited (General), Monarch Insurance Company Limited (Life), Star Discover Micro Insurance Limited a..

✨ Key Highlights

Seven insurance companies are under scrutiny by the Insurance Regulatory Authority (IRA) for failing to submit mandatory quarterly returns. This non-compliance prevents the regulator from assessing their financial performance and industry compliance.

  • The seven insurers are: Definite Assurance Company, Kenyan Alliance Insurance Company Limited (General and Life), Monarch Insurance Company Limited (General and Life), Star Discover Micro Insurance Limited, and Birdview Micro Insurance.
  • Insurers failing to submit returns hinder regulatory oversight and reduce financial information availability for stakeholders.
  • This comes as Kenya's insurance industry reported strong growth in Q1 2026, with gross written premiums rising 19.9 percent to Sh155.3 billion.

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