Authorities are planning audits of insurance companies

The insurance companies, have until 14 June, to comply with the 2007 decree which requires a minimum capital of 300 million KES (4 million USD) for non-life insurance companies, 150 million KES (2 million USD) for life companies and 450 million KES (6 million USD) for composite companies. The insurers who would not respect this measure may have their license withdrawn.

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