Last mentioned: Mar 4, 2026
Audit Deadline
Scheduled start of IRA compliance audits for insurance firms and intermediaries.
Audit Deadline
The date by which the IRA intended to conduct compliance audits on insurance firms and intermediaries.
High Court Filing
KBA sues IRA to block the implementation of the bancassurance fee ban.
KBA Files Lawsuit
The Kenya Bankers Association moves to the High Court to challenge the IRA directive as illegal.
IRA Circular Issued
Regulator releases directive declaring service-based fees and profit sharing unlawful.
Sustainability Reporting
KBA CEO Raimond Molenje launches banking sector sustainability templates.
IRA Circular Issued
The regulator releases a directive banning service-based fees and requiring full premium remittance.
The Kenya Bankers Association has filed a High Court lawsuit against the Insurance Regulatory Authority over a directive banning service-based fees in the bancassurance sector. The KBA argues the ban on commissions and administrative fees threatens a Sh35 billion industry segment that accounts for 10% of the country's insurance market.
The Kenya Bankers Association (KBA) has filed a High Court petition against the Insurance Regulatory Authority (IRA) over a directive banning service-based fees in the bancassurance sector. The KBA argues the ban on commissions and profit-sharing will disrupt a Sh35 billion market and hinder national insurance penetration.