The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
The Insurance Regulatory Authority places Xplico Insurance under statutory management and liquidates Invesco Assurance.[Standard, File]
The Insurance Regulatory Authority (IRA) says it has rejected approval requests from several microinsurance firms because their products do not meet the threshold set for the low-income population.
The regulator says some of the providers are simply unbundling already approved conventional products and repackaging them as micro, which negates the sole basis of the 2020 regulations.
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