Insurance Regulatory Authority

Home » Ministries » The National Treasury And Economic Planning » The National Treasury » Insurance Regulatory Authority

Overview

website
commins@ira.go.ke |
complaints@ira.go.ke

The Insurance Regulatory Authority (IRA) of Kenya was established under the Insurance Act, Cap 487 and began operations on May 1, 2007. It regulates, supervises, and promotes the development of Kenya’s insurance industry to ensure stability and consumer protection. IRA licenses insurers, reinsurers, and intermediaries, enforces compliance with insurance laws, and handles consumer complaints. It also educates the public on insurance matters and advises the government on industry policies. By fostering fair competition and financial stability, IRA enhances trust in the insurance sector and contributes to Kenya’s economic growth.

CEO: Godfrey Kiptum, MBS

Mr. Godfrey Kiptum, holds an MBA from ESAMI/Maastricht MSM University and is an Associate of the Life Management Institute (ALMI), USA. With 20+ years of experience, he previously served as IRA’s Chief Manager for Human Capital Development and Administration and has worked in various state agencies

Management Team

Godfrey Kiptum

Commissioner of Insurance, IRA Chief Executive Officer

Board of Governors

Moses Njenga Chege

Chairman

Godfrey Kiptum

CEO

Kennedy Ogendi Ondieki

Member

Charles Machira

Member

FCPA Wyckliffe M. Shamiah

Member

Matu Mugo

Member

Ambrose Makanga Ngari

Member

Joel K. Chemiron

Member

Immaculate K. Shamala

Member

Mohamed Hashi

Member

Functions

  • Regulating and Supervising the Insurance Industry – Ensures compliance with the Insurance Act, Cap 487 to maintain stability and fairness.
  • Licensing Insurers and Intermediaries – Grants licenses to insurance companies, brokers, agents, and other market players.
  • Ensuring Consumer Protection – Handles complaints, investigates disputes, and safeguards policyholders’ interests.
  • Enforcing Compliance – Monitors insurers to ensure they meet financial and legal requirements.
  • Promoting Public Awareness – Educates the public on insurance products and the benefits of coverage.
  • Advising the Government – Provides policy recommendations on insurance sector regulations and growth strategies.
  • Encouraging Market Development – Supports innovation and expansion of the insurance industry to enhance financial inclusion.
  • Monitoring Solvency and Financial Soundness – Ensures insurance firms maintain adequate capital to meet claims.
  • Investigating Fraud and Malpractices – Detects and acts against fraud, unethical behavior, and market misconduct.
  • Facilitating Regional and International Cooperation – Collaborates with other regulatory bodies to align with global insurance standards.

Important Links

Address & Contacts

  • Insurance Regulatory Authority (IRA), Zep-Re Place Longonot Road, Upper Hill
  • P.O. Box 43505-00100 Nairobi, Kenya
  • commins@ira.go.ke | complaints@ira.go.ke
  • +254-020-4996000 |+254-719-047000