NAIROBI, Kenya, June 26 – The Policyholders Compensation Fund (PCF) has paid out Sh390.8 million to policyholders and claimants affected by the collapse of insurance companies.
The fund in a statement said it has commenced the process of compensation claims for customers of Trident Insurance Company Limited.
Data released by the Fund shows that, as of March 31, 2026, PCF had settled 2,146 claims amounting to Sh390.85 million for policyholders of insurers placed under statutory management or liquidation.
Xplico Insurance accounted for the largest compensation at Sh137.8 million followed by Invesco Assurance at Sh101.4 million, Resolution Insurance at Sh92.4 million, BlueShield Insurance at Sh44.6 million, Concord Insurance at Sh9 million, Standard Assurance at Sh4.6 million, and United Insurance at Sh1 million.
The update comes as the Fund announced that compensation claims for Trident Insurance Company Limited, which was placed under statutory management earlier this year, have officially commenced.
“The public is hereby notified that the claims compensation process for Trident Insurance Company Limited (Under Statutory Management) has commenced. Policyholders, claimants, and other affected parties are encouraged to lodge their claims with the Policyholders Compensation Fund (PCF).”
“The commencement of the claims compensation process for KUSCCO Mutual Assurance Company Limited and Corporate Insurance Company Limited will be communicated in due course through a public notice.”
The announcement follows the decision by the Commissioner of Insurance on March 10, 2026, to place Trident Insurance, KUSCCO Mutual Assurance Company Limited and Corporate Insurance Company Limited under statutory management, with the Policyholders Compensation Fund appointed as statutory manager.
The Fund said many policyholders affected by failed insurers remain unaware of their eligibility for compensation, prompting it to intensify public awareness campaigns through its PCFMtaani initiative.
The campaign, currently underway in Murang’a County, seeks to educate consumers on the Fund’s role as a financial safety net, encourage eligible claimants to submit compensation claims, and strengthen confidence in Kenya’s insurance sector.
PCF noted that the initiative has so far been rolled out in 14 counties since its launch in 2023, targeting grassroots groups including transport operators, insurance agents, teachers, cooperatives, religious leaders and local administrators.
The Fund is urging individuals who were insured by collapsed insurance companies, but have either not lodged claims or are yet to receive compensation, to submit their applications through its offices or official online platforms.
Under the current framework, eligible claimants can receive compensation of up to Sh500,000 per claim, in line with Gazette Notice No. 971 of January 23, 2026.
