Mastercard has struck a partnership with Hillcroft (mTek) to integrate embedded insurance solutions into its consumer and SME card products in East Africa. According to a press release from Mastercard, the collaboration will embed insurance cover into everyday payment flows, enabling seamless access to protection. Under this model, users making transactions will be offered tailored […]

Kenya’s financial regulators are pushing forward a landmark reform designed to reinforce trust in the banking and insurance sectors by doubling the maximum compensation payable to customers when institutions fail. The proposal, which forms part of the Kenya National Financial Inclusion Strategy 2025–2028, seeks to increase the Policyholders’ Compensation Fund (PCF) ceiling from KSh 250,000 […]

The Kenya Deposit Insurance Corporation (KDIC) has published an updated list of institutions whose deposits are officially protected through 30 June 2026, reinforcing public confidence in Kenya’s banking sector. Under the Kenya Deposit Insurance Act, 2012, depositors are guaranteed coverage up to KSh 500,000 per depositor per institution in the event of a bank failure. […]

In a dramatic escalation, private and faith-based hospitals across Kenya have suspended services for beneficiaries under the Social Health Authority (SHA) scheme, demanding urgent government intervention over unpaid claims and system failures. The Rural and Urban Private Hospitals Association (RUPHA) says that until its concerns are addressed, patients enrolled in SHA will need to pay […]

Fraud Landscape: Motor Insurance in the Spotlight Kenya’s insurance sector has once again found itself grappling with persistent fraud, with motor vehicle insurance emerging as the leading category of abuse. A report by the Insurance Regulatory Authority (IRA) shows that in the first half of 2025, the Insurance Fraud Investigation Unit (IFIU) received 85 reports […]

What’s Being Rolled Out The Kenyan government, through the Social Health Authority (SHA), is introducing the National Emergency Ambulance Dispatch Service. The aim is to strengthen emergency medical response across the country by centralizing dispatch, standardizing ambulance charges, and using digital tools. Health Cabinet Secretary Aden Duale announced the plan during a visit to Vihiga […]

Financial Highlights: Growth on Top Line, Pressure on Bottom Line Britam Holdings posted a profit before tax (PBT) of KSh 2.5 billion for the six months ended June 30, 2025, a decline from KSh 2.8 billion in the same period of 2024. The company attributed the dip mainly to higher claims payouts and the impact […]

What Happened: Broker Licences Cancelled The Insurance Regulatory Authority (IRA) of Kenya recently took decisive action by cancelling the licences of 20 insurance brokerage firms. The change was officially communicated via a Kenya Gazette notice on 18 July 2025, and it states that the affected brokers ceased transacting insurance business as of 30 June 2025, […]

What Changed: New Laws Signed in June 2025 On 17 June 2025, President William Ruto signed into law two landmark pieces of legislation aimed at strengthening Kenya’s financial regulation framework: Build the future you deserve. Get started with our top-tier Online courses: ACCA, HESI A2, ATI TEAS 7, HESI EXIT, NCLEX-RN, NCLEX-PN, and Financial Literacy. […]

What the Latest Data Reveals Kenya’s insurance industry saw a sharp drop in fraud reports in Q4 2024, while its profits leapt nearly four-fold, driven largely by brisk investment returns in government bonds, according to the Insurance Regulatory Authority (IRA). Build the future you deserve. Get started with our top-tier Online courses: ACCA, HESI A2, […]