ONLY 30 out of the registered 45 insurance companies in Kenya have so far managed to renew their licenses to operate in 2013 after the rest failed to meet various regulatory requirements. Insurance Regulatory Authority boss Sammy Makove told the Star yesterday that most of the firms that are yet to secure their annual licenses for the new year have to first meet shareholding requirements as per industry guidelines. “Compliance with shareholding was one of the major issues…it affected at least nine companies,” said Makove...
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