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As an Authority, we recognize that regulation as a means to an important end is essential for the proper functioning of the insurance industry. To ensure that the industry reaps the benefits from a globally competitive financial services sector, the sector has to remain efficient, flexible and responsive to emerging trends i.e. effective in addressing identified problem and efficient in maximizing benefits to the economy. While issuing guidelines and circulars to the industry, we are often alive key drivers for enhancing industry productivity such as technological change (adopting new knowledge), investment in human and physical capital. Such regulation ensures that there are productivity and growth gains as well competition and investment.
Regulations used for the insurance industry in Kenya include the Insurance Act Cap 487 and its accompanying Schedules and Regulations. Circulars and Guidelines are normally issued by the Commissioner of Insurance/Chief Executive Officer of IRA detailing provisions that insurance/re-insurance companies and intermediaries need to comply with.
These rules are issued with an expectation of compliance that is done through surveillance and inspections.
Click here to view Prudential Guidelines
Anti-Money Laundering Guidelines
Corporate Governance Guidelines
Guideline on External Auditors
Guideline on Reinsurance Arrangements
Guideline on Risk Management and Internal Controls
Guideline on the Actuarial Function
Guideline on Valuation of Technical Liabilities for General Insurers
Guidelines on Insurance Products
Guidelines on Actuarial Function Issued in February 2013
Guidelines on External Auditors Issued in February 2013
Guidelines on Market Conduct for Insurance Investigators and Motor Assessors(Draft)
Guidelines on Market Conduct for Insurers
Guidelines on Risk Management Internal Controls Issued in February 2013
Guidelines1 on Claims Management
Insurance Market Conduct for Intermidiaries-1
Takaful Operational Guidelines- Draft V 2.0
