The Insurance Regulatory Authority (IRA) has officially delisted 20 insurance brokerage firms, barring them from conducting any business in Kenya.
In a public notice dated Friday, July 18, the Authority confirmed the deregistration took effect on June 30, 2025. The affected firms are no longer authorized to carry out any insurance-related activities.
Among those removed from the register are African Continent Insurance Limited, Andalus Insurance Brokers Limited, Allied Insurance Brokers Limited, Alpha-Levits Insurance Brokers Limited, Arkchoice Insurance Brokers Limited, and Berkeley Insurance Brokers Limited.
Other firms include Bilan Insurance Brokers Limited, Blossom Insurance Brokers Limited, Fides Insurance Brokers Limited, Harbinger Insurance Brokers Limited, Homeland Insurance Brokers Limited, Ibsa Insurance Brokers Limited, and Khushal Insurance Brokers Limited.
Also struck off the list are Masumali Meghji Insurance Brokers Limited, Nexus Insurance Brokers Limited, Online Insurance Brokers Limited, Real Alliance Insurance Brokers Limited, Solian Insurance Brokers Limited, and Swinton Insurance Brokers Limited.
In the notice, the IRA stated that the move aligns with Section 196(A) of the Insurance Act, which mandates strict oversight and accountability in the deregistration of brokers.
“The Insurance Regulatory Authority (IRA) hereby notifies the public of the de-registration of twenty insurance brokers under Section 196 of the Insurance Act,” read part of the announcement.
“Under Section 196 of the Insurance Act, the insurance brokers whose names appear below have ceased transacting insurance business with effect from June 30, 2025,” the statement added.
While the regulator did not disclose specific reasons for the move, industry observers note that common causes of deregistration include failure to comply with statutory requirements, not renewing licenses, inadequate capital, and issues such as non-remittance of client premiums.
The Act also requires that all deregistered entities notify the Commissioner of Insurance when registration ends, whether voluntarily or through enforcement.
IRA’s latest move signals a tightening grip on regulatory compliance in a sector that plays a critical role in the country’s financial ecosystem.
