Invesco Assurance Company placed under statutory management
Business
By
Edwin Nyarangi
| Aug 15, 2024
The Insurance Regulatory Authority (IRA) has placed Invesco Assurance Company Limited under Statutory Management as per Section 67C(2)(i) of the Insurance Act.
The Authority has appointed the Policyholders Compensation Fund (PCF) as the Statutory Manager for Invesco Assurance Company Limited (under statutory management).
“Invesco Assurance Company Limited (under statutory management) ="https://www.standardmedia.co.ke/cartoon/article/2000001321/new-invesco-to-settle-genuine-claims-within-six-months#google_vignette">is not authorized to enter< into any new insurance contracts from 14th August 2024,” said IRA
READ MORE
With every breath, student fights to sit and finish KCSE exam
Africa 7s: Faith Livoi set to make debut as Kenya Lionesses head to Ghana
How new tax proposals offer relief to Kenyans
Normalising abnormalities, the American way, as Trump returns to White House
Celebrations as Moraa wins district seat, makes history in US elections
American Muslim and Arab voters desert Democrats in historic shift
'It starts with a book': 43rd Sharjah International Book Fair opens in UAE
Obama congratulates Trump on election win over Harris
How CS Mbadi's proposed new tax measures will directly affect you
Kenyan-American Huldah Momanyi Hiltsley wins Minnesota House seat
The insurer’s existing Policyholders are advised to immediately seek alternative covers from other licensed insurers to ensure that there is no unnecessary exposure.
The Policyholders Compensation Fund will compensate the affected claimants as provided for under the Insurance Act, Cap 487 Laws of Kenya.