In consultation with the Commissioner where necessary, the risk profile of any insurer.
Ag. Managing Trustee, Mr. Mamo Abudo, addressing stakeholders during a Sensitization Engagement Forum 'PCFMtaani' in Nakuru County. He urged claimants who had claims with Resolution Insurance Company and Standard Assurance Company currently under Statutory Management to lodge their claims with Policyholders Compensation Fund.
NAIROBI, Kenya, 8th December – The Insurance Regulatory Authority has today, as per Section 67C(2)(i) of the Insurance Act, placed Xplico Insurance Company Limited under Statutory Management. Consequently, the Authority has with immediate effect appointed the Policyholders Compensation Fund (PCF) as the Statutory Manager for Xplico Insurance Company Limited. The insurer is prohibited from issuing any new insurance contracts from 8th December 2023.
KWFT Center, 6th Floor
Masaba Road, Upper Hill
P.o. Box 24203-00100,
Nairobi, Kenya.
Tel: +254 794 582 700
Email: info@pcf.go.ke