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Seven insurance firms face IRA fines for reporting breaches
The latest disclosures highlight persistent compliance gaps in the sector, where 33 insurers were fined Sh80.21 million in 2024 for breaches, including missed reporting deadlines for either...
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Seven insurance firms face IRA fines for reporting breaches
The latest disclosures highlight persistent compliance gaps in the sector, where 33 insurers were fined Sh80.21 million in 2024 for breaches, including missed reporting deadlines…
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Why insurance reporting delays raise red flags for IRA
'Timely reporting is key because insurance supervision relies on current data to detect risks early.'