President William Ruto has signed into law two major pieces of legislation aimed at strengthening the country's financial sector: the Insurance Professionals Bill and the Anti-Money Laundering and Countering the Financing of Terrorism (Amendment) Bill, 2025.
The New Insurance Professionals Act aims to professionalise the industry by introducing stringent qualifications, licensing standards, and disciplinary mechanisms for insurance practitioners.
It is expected to weed out quacks, enhance public trust in the insurance sector, and align Kenya's practices with global standards.
Under the new law, insurance professionals will be required to register with a central regulatory authority, undergo continuous professional development, and adhere to a code of ethics.
