Patrick Alushula

Rising medical inflation has compounded the challenge. Kenya's healthcare costs are projected to grow by 13.5 percent in this year, up from 9.8 percent in 2023, according to Aon medical trends report.

Four lenders had not met the December 2025 minimum core capital requirement of Sh3 billion and remained non-compliant at the end of March, reflecting the strain of the new rules ahead of an even higher threshold later this year.

Kuscco joins the Kenya Bankers Association and Kenya Private Sector Alliance (Kepsa) in campaigning against the proposal.

I&M Group has now overtaken NCBA Group in total assets, signaling a shift in Kenya's banking pecking order driven by the former's aggressive push into retail banking.

Kenya's tighter marine placement rules are set to test insurers' capacity as the country moves to close gaps that had slowed the implementation of the 2017 regulations, dragging annual growth in marine insurance premiums to a four-year low.

Safaricom plans to bar the use of retained earnings for share buybacks under proposed changes to its articles of association that will be tabled at its upcoming Annual General Meeting (AGM).

Kenya Re's fresh capital, disclosed in the reinsurer's latest annual report, signals a push to strengthen its position in the Zambian market where it operates a fully owned subsidiary. The Zambian subsidiary is turning 10 this year and earned Kenya Re Sh514.07 million last year.

The latest shifts in market leadership underline the fluid nature of the PSV insurance segment, where dominance can change quickly, depending on pricing, claims management and distribution networks.

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 quarterly or annual financial returns.

Timely reporting is key because insurance supervision relies on current data to detect risks early.