NAIROBI, Kenya– The Insurance Regulatory Authority (IRA) has struck off 20 insurance brokerage firms from its list of licensed operators for failing to meet regulatory requirements.
In a notice signed by Commissioner of Insurance Godfrey Kiptum and published under Section 196 (A) of the Insurance Act (Cap 487), the affected firms ceased transacting insurance business effective June 30, 2025.
The deregistered brokers include African Continent Insurance Brokers Limited, Andalus Insurance Brokers Limited, Allied Insurance Brokers Limited, Alpha-Levits Insurance Brokers Limited, Arkchoice Insurance Brokers Limited, and Berkley Insurance Brokers Limited, among others.
“The brokers whose names appear below have ceased transacting insurance business with effect from 30th June, 2025,” the IRA stated in the public announcement.
Other firms affected by the directive include Bilan, Blossom, Fides, Harbinger, Homeland, Ibsa, Khushal, Legacy, Masumali Meghji, Nexus, Online, Real Alliance, Solian, and Swinton Insurance Brokers.
The decision is part of IRA’s ongoing effort to strengthen compliance and uphold professionalism in the insurance sector.
The authority has in recent years increased scrutiny of intermediaries to protect consumers from unregulated entities and safeguard industry integrity.
While the IRA did not provide specific reasons for each firm’s deregistration, Section 196 (A) typically applies in instances where a licensee fails to meet minimum operational, financial, or ethical standards as set by the law.
Members of the public are advised to verify the licensing status of brokers and insurers through the IRA’s official portal or contact center before engaging in any business.
This development signals the regulator’s continued zero-tolerance approach to non-compliance as it works to build public confidence in Kenya’s insurance industry.
