Makueni: The Policyholders Compensation Fund (PCF) has disbursed a total of Sh444,300,892 to 2,371 policyholders from insurance companies that have been placed under statutory management or whose licenses have been revoked since the fund commenced operations.
According to Kenya News Agency, PCF Deputy Director of Corporate Communications Rosemary Kavili shared these details during a media sensitisation engagement forum held at Wote Technical Training Institute in Makueni Sub-County. The compensation is intended to safeguard policyholders, enhance financial stability, and boost public confidence in Kenya’s insurance sector. The reported figures reflect compensations made up to June 30, 2026, to policyholders impacted by the collapse or closure of insurance firms.
Kavili highlighted that beneficiaries include 45 claimants from Concord Insurance Company, who received Sh9.02 million, and 21 claimants from Standard Assurance, paid Sh4.6 million. Resolution Company Ltd saw 767 claimants receiving Sh90.86 million, while BlueShield Insurance had 256 claimants compensated with Sh46.01 million. Additionally, United Insurance paid Sh1.02 million to seven claimants. Other recipients comprised 658 claimants from Xplico Insurance, receiving Sh147 million, 484 claimants from Invesco Assurance, paid Sh109.6 million, 62 claimants from Trident Insurance, who received Sh22.1 million, and 71 claimants from Corporate Insurance Company Ltd, compensated with Sh12.39 million. The maximum payout per claimant was Sh500,000.
The PCF has initiated a public awareness campaign in Makueni County under the banner ‘PCFMtaani’, scheduled from August 24 to 28, 2026. Makueni marks the 16th county for this sensitization drive, aimed at educating Kenyans on the Fund’s mandate and compensation procedures for policyholders affected by distressed or insolvent insurance companies.
The campaign engages various stakeholders, including journalists, boda boda riders, matatu operators, insurance agents, Deputy County Commissioners, chiefs, and members of the Kenya National Union of Teachers. Kavili emphasized the campaign’s goal to educate and engage the public on the Fund’s operations and compensation mechanisms for those affected by failed insurance companies.
She urged the media to play a pivotal role in raising public awareness about PCF and guiding policyholders on where to seek assistance when an insurance company fails or loses its license. Journalists were briefed on PCF’s mandate, the claims processing procedure, and the role of the Insurance Regulatory Authority in overseeing the insurance sector.
PCF operates as a State Corporation under the National Treasury and Economic Planning, established in 2004 under Section 179 of the Insurance Act, Cap 487, and implemented through Legal Notice No. 105 of 2004.
