Kenya's IRA Introduces Online Portal

News: Kenya's Insurance Regulatory Authority (IRA) has launched an online portal, dubbed the Electronic Regulatory System (ERS), which will simplify and manage transactions and businesses in the sector. The ERS will facilitate the submission of data by insurance firms, brokers and agents to improve the supervision and regulation in the industry. 'This will enable the authority to achieve its dynamic model of supervision that is in line with international standards,' IRA's Commissioner of insurance Sammy Makove said (HumanIPO). Two African countries - Namibia and Ghana - have adopted the online system already.

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Related sectors of this article: Insurance
Geography: Kenya

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