The Insurance Regulatory Authority of Kenya (IRA) is the sole authority charged with regulation and supervision of the insurance industry within the Republic of Kenya , as guided by Section 3 of Kenya's Insurance Act, which establishes the Authority. The Authority ensures legal compliance by insurance/reinsurance and all other insurance-related entities, protects consumers and promotes a high degree of policy security for policyholders.
4-400: Insurance Regulatory Authority may refer to: Insurance Regulatory Authority (Kenya) Insurance Regulatory Authority of Uganda Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title Insurance Regulatory Authority . If an internal link led you here, you may wish to change
8-779: The insurance industry in Kenya was initially based on the UK Companies Act 1960. The Government of Kenya enacted the Insurance Act Kenya CAP 487 in 1985 with the aim of localizing regulation of the insurance business. The newly-enacted legislation established the Department of Insurance within the Ministry of the National Treasury and Planning , headed by a Commissioner of Insurance, to supervise
12-531: The insurance sector. The Insurance Act was amended in 2006 in an attempt to promote further efficient regulation of the insurance sector. The Department of Insurance was separated from its parent ministry and established as a body corporate known as the Insurance Regulatory Authority. With this amendment, not only did the department gain greater independence from bureaucratic hindrances, which improved its efficiency as intended, but
16-427: The link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Insurance_Regulatory_Authority&oldid=806437520 " Category : Disambiguation pages Hidden categories: Short description is different from Wikidata All article disambiguation pages All disambiguation pages Insurance Regulatory Authority (Kenya) The regulation of
#928071