Share capital increase for Kenyan insurers

IRAAccording to the Insurance Regulatory Authority (IRA), 20 out of 56 insurers operating on the market do not meet the capital increase requirements. The companies are required to comply with the new standards on 31 December 2020 at the latest.

Capital increases will have to reach a minimum of one billion KES (9.13 million USD) depending on the classes of business underwritten.

Read also |Insurance industry in Kenya

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