Shakeout Looms for Kenyan Insurers Squeezed by Capital Rules

Updated on
  • Insurance industry in talks with regulator to lighten load
  • Risk-based laws will double capital requirements by 2018

A push by Kenyan regulators to clean up the East African country’s insurance industry is poised to trigger stake sales or exits by underwriters unable to meet the new capital requirements, according to an industry group.

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