The Policyholders Compensation Fund (PCF) has paid out Sh444,300,892 in claims to 2,371 policyholders of insurance companies placed under statutory management or whose licenses have been cancelled since the fund began operations.
PCF Deputy Director, Corporate Communications Rosemary Kavili said the compensation was aimed at protecting policyholders, promoting financial stability and strengthening public confidence in Kenya’s insurance industry.
Kavili made the disclosure on Monday during a media sensitisation engagement forum held at Wote Technical Training Institute (WTTI) in Makueni Sub-County.
She said the figures represented compensation made as of June 30, 2026, to policyholders affected by the collapse or closure of insurance companies.
Among the insurers whose policyholders have received compensation are Concord Insurance Company, with 45 claimants paid Sh9.02 million; Standard Assurance, 21 claimants paid Sh4.6 million; Resolution Company Ltd, 767 claimants paid Sh90.86 million; BlueShield Insurance, 256 claimants paid Sh46.01 million; and United Insurance, seven claimants paid Sh1.02 million.
Other beneficiaries include 658 claimants from Xplico Insurance who received Sh147 million, 484 claimants from Invesco Assurance who received Sh109.6 million, 62 claimants from Trident Insurance who received Sh22.1 million and 71 claimants from Corporate Insurance Company Ltd who received Sh12.39 million. Claimants received up to a maximum of Sh500,000.
Kavili said the PCF had launched a public awareness campaign in Makueni County under the banner “PCFMtaani”, running from August 24 to 28, 2026.Makueni is the 16th County in which the sensitization exercise has been carried out.
The campaign brings together journalists, boda boda riders, matatu operators, insurance agents, Deputy County Commissioners, chiefs and members of the Kenya National Union of Teachers, among other stakeholders.
She said the initiative was part of a nationwide campaign to inform and educate Kenyans on the Fund’s mandate and compensation procedures for policyholders affected by troubled or collapsed insurance companies.
“This campaign seeks to inform, educate and engage Kenyans on how the Fund operates, especially the compensation mechanism for policyholders affected by collapsed or troubled insurance companies,” said Kavili.
She urged the media to take a leading role in educating the public about PCF and informing policyholders where to seek assistance when an insurance company collapses or has its licence cancelled.
The journalists were taken through the mandate of PCF, the claims process and the role of the Insurance Regulatory Authority (IRA) in regulating the insurance sector.
PCF is a State Corporation under the National Treasury and Economic Planning established in 2004 under Section 179 of the Insurance Act, Cap 487, and operationalised through Legal Notice No. 105 of 2004.
The Fund commenced operations on January 1, 2005.
By Patrick Nyakundi
