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Why tougher capital rules are reshaping Kenya's insurance industry

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Liberty subsidiaries secure top ratings as capital scrutiny tightens across the sector. [File, Standard]

Kenya's insurance sector is entering a stricter regulatory phase as the Insurance Regulatory Authority (IRA) tightens risk-based capital requirements, forcing insurers to prove they can withstand financial shocks.

The shift is not routine. It is a structural reset, driven by a market that has long struggled to justify its existence to ordinary Kenyans.

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