Kenya’s insurance regulator has cancelled the licences of 20 insurance brokerage firms, citing persistent compliance failures and inactivity, in one of the most significant regulatory crackdowns on intermediaries in recent years.
In a statement published in the Kenya Gazette on July 18, 2025, the Insurance Regulatory Authority (IRA) announced that the affected firms ceased transacting insurance business effective June 30, 2025, under Section 196(A) of the Insurance Act (Cap 487).
“The public should not transact any insurance business with the underlisted entities.”
said Godfrey Kiptum, Commissioner of Insurance
The IRA conducted a sector-wide audit to clean up the intermediary market. It flagged these brokers for failing to meet statutory requirements, including non-remittance of premiums, inadequate capitalisation, and failure to renew operational licences.
Moreover, the crackdown aligns with broader efforts to tighten governance standards across Kenya’s financial services sector, in line with anti-money laundering (AML) and financial reporting frameworks.
List of Affected Brokers
The IRA delisted the following 20 brokers, stating the decision remains final unless appealed within stipulated legal channels:
| No. | Broker Name |
|---|---|
| 1 | African Continent Insurance Brokers Ltd |
| 2 | Andalus Insurance Brokers Ltd |
| 3 | Allied Insurance Brokers Ltd |
| 4 | Alpha-Levits Insurance Brokers Ltd |
| 5 | Arkchoice Insurance Brokers Ltd |
| 6 | Berkley Insurance Brokers Ltd |
| 7 | Bilan Insurance Brokers Ltd |
| 8 | Blossom Insurance Brokers Ltd |
| 9 | Fides Insurance Brokers Ltd |
| 10 | Harbinger Insurance Brokers Ltd |
| 11 | Homeland Insurance Brokers Ltd |
| 12 | Ibsa Insurance Brokers Ltd |
| 13 | Khushal Insurance Brokers Ltd |
| 14 | Legacy Insurance Brokers Ltd |
| 15 | Masumali Meghji Insurance Brokers Ltd |
| 16 | Nexus Insurance Brokers Ltd |
| 17 | Online Insurance Brokers Ltd |
| 18 | Real Alliance Insurance Brokers Ltd |
| 19 | Solian Insurance Brokers Ltd |
| 20 | Swinton Insurance Brokers (K) Ltd |
Additionally, the IRA published the complete list in the Kenya Gazette, as required by law, and instructed insurers and the public to verify brokerage licences through official IRA channels.