This week, the team is conducting outreach activities in Nyeri County under the #PCFMtaani program initiative. On Tuesday, the Fund engaged local journalists, recognizing the vital role the media plays in disseminating accurate information to the public.

This engagement aims to empower the fourth estate with the knowledge needed for accurate and responsible reporting on insurance and compensation issues.

#PCFMtaaniNyeri #MediaEngagement

PCF today held an interactive sensitization forum with Boda Boda riders. The session focused on raising awareness about the role of PCF in protecting policyholders in the event of an insurer's collapse.

This is part of PCF’s broader mission to promote financial literacy and ensure that all affected policyholders receive the compensation they are entitled to.

PCF is currently compensating claims from policyholders of Xplico Insurance, Invesco Assurance, Blue Shield Insurance, and United Insurance Company. Policyholders who have valid claims but are yet to lodge them are urged to do so through PCF.

The Fund remains committed to safeguarding the interests of policyholders and enhancing public trust in the insurance sector.

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.

PURSUANT to the appointment of the Policyholders Compensation Fund (PCF) as Statutory Manager for Resolution Insurance Company Limited by the Commissioner of Insurance in exercise of his powers under section 67 C (2) (i) of the Insurance Act dated 5th April 2022, the