Industry: Public Administration & Government Sector
Education Level: Diploma, Bachelor's Degree & Master's Degree
Job Schedule: Full-time
Employer: The Insurance Regulatory Authority
Salary: According to the Job Grade
Location: Nairobi
Positions: 49
The Authority is the successor of the Office of the Commissioner of Insurance, which came into existence with the enactment of the Insurance Act, CAP 487, in 1986. Prior to this, insurance regulation was based on the UK legislation under the Companies Act 1960.
In executing our mandate, we adhere to the core principles of objectivity, accountability and transparency in promoting not only compliance with the Insurance Act and other legal requirements by insurance/reinsurance companies and intermediaries but also sound business practices. We therefore practice regulation and supervision that enables industry players to be innovative and entrepreneurial. Bearing in mind industry differences in terms of size, extent, and complexity, necessitating changes in operating and investment decisions helps cut down on compliance costs. Since, in the long run, this has impacts on productivity and growth of the insurance sector, the Authority deploys significant resources in monitoring market behaviors, compliance and solvency issues.
The functions of the Authority are outlined in section 3A of the Insurance Act, CAP 487 as follows:
- Ensure the effective administration, supervision, regulation and control of insurance and reinsurance business in Kenya
- Formulate and enforce standards for the conduct of insurance and reinsurance business in Kenya
- License all persons involved in or connected with insurance business, including insurance and reinsurance companies, insurance and reinsurance intermediaries, loss adjusters and assessors, risk surveyors and valuers
- Advise the Government on the national policy to be followed in order to ensure adequate insurance protection and security for national assets and national properties
- Issue supervisory guidelines and prudential standards from time to time, for the better administration of the insurance business of persons licensed under the Insurance Act
- Conduct inquiries and share information with other regulatory authorities and to carry out any other related activities in furtherance of its supervisory role
- Educate the public regularly on the right to independently select an underwriter or broker from a list of underwriters or brokers licensed by the Authority
- Regulate the business of bancassurance offered by banks in the same manner as the ordinary insurance business, including capital requirements and disclosures
- Undertake such other functions as may be conferred by the Insurance Act or any other written law
The Authority’s mandate is to regulate, supervise and promote the development of the insurance industry in Kenya.
The National Development Agenda for IRA
1. Role of the Insurance in National Development
The insurance industry contributes to national development through providing broader insurance products and services, fostering entrepreneurial attitudes, encouraging investment, innovation, market dynamism and competition, offering social protection alongside the state, releasing pressure on public sector finance, enhancing financial intermediation, creating liquidity and mobilizing savings.
As major institutional investors, insurers pool resources and channel them towards investment opportunities, thereby facilitating firms to access capital, which contributes to national development.
2. Policy Framework
As one of the key pillars of the financial services sector, the insurance industry is indeed central to the realization of financial services objectives as set out in the Vision 2030, a long-term development blueprint for the Country. With the aim of deepening financial services and enhancing access to and inclusion, the Vision 2030 recognizes that as the economy expands and disposable incomes rise, there will be growth in insurable assets, thereby generating demand for insurance services.
To achieve this, the Vision 2030 emphasizes the need to improve efficiency and outreach of insurance service providers, which can be achieved through consolidation, public education campaigns, and investment in new technology that will enable the sector to widen its reach and coverage at minimal costs. In turn, this will result in increased contribution of the insurance industry to the Gross Domestic Product (GDP).
3. Consumer Protection
With promulgation of the Constitution 2010 and enactment of the Consumer Protection Act 2012, among other laws, focus on the consumer has and will continue to considerably gain momentum. The implications of these changes are shifts in the nature of rights and responsibilities of a regulator viz a viz consumers of insurance services as regards access to information as well as standards of service delivery.
A central information problem that insurance consumers face is judging product quality due to the complexity of the contract, the contingent nature of many of the services provided (e.g. claims handling and payments) and the fact that services may be provided over time (e.g. investments). As a result, product quality is difficult to ascertain prior to purchase; hence the need for regulatory oversight given the implications of a consumer-driven market and intermediation.
Current Job vacancies at IRA
|
Job Title |
Location |
Education Level |
Deadline |
Job I.D |
Apply Now |
|
Assistant
Director, Supervision (2 posts) |
Nairobi
Head Office |
Master's
Degree |
Nov 26, 2026 05:00 pm |
REF:
ADS/01 |
|
|
Supply
Chain Management Officer (1 post) |
Nairobi
Head Office |
Bachelor's
Degree |
Nov 26, 2026 05:00 pm |
REF:
SCMO/30 |
|
|
Senior
Supply Chain Management Officer (1 post) |
Nairobi
Head Office |
Bachelor's
Degree |
Nov 26, 2026 05:00 pm |
REF:
SSCMO /29 |
|
|
Internal
Auditor (1 post) |
Nairobi
Head Office |
Bachelor's
Degree |
Nov 26, 2026 05:00 pm |
|
|
|
Customer
Care Assistant III (2 posts) |
Nairobi
Head Office |
Bachelor's
Degree |
Nov 26, 2026 05:00 pm |
REF:
CCAIII/27 |
|
|
Customer
Care Assistant II (2 posts) |
Nairobi
Head Office |
Bachelor's
Degree |
Nov 26, 2026 05:00 pm |
REF:
CCAII/26 |
|
|
Customer
Care Assistant I (2 posts) |
Nairobi
Head Office |
Bachelor's
Degree |
Nov 26, 2026 05:00 pm |
REF:
CCAI/25 |
|
|
Corporate
Communication and Public Relations Officer (1 post) |
Nairobi
Head Office |
Bachelor's
Degree |
Nov 26, 2026 05:00 pm |
REF:
CC&PRO /24 |
|
|
Senior
Customer Care Assistant (1 Post) |
Nairobi
Head Office |
Bachelor's
Degree |
Nov 26, 2026 05:00 pm |
REF:
SCCA/23 |
|
|
Assistant
Director, CC PR (1 Post) |
Nairobi
Head Office |
Bachelor's
Degree |
Nov 26, 2026 05:00 pm |
REF:ADCC&PR/22 |
|
|
Information
Communication Technology Officer (1 Post) |
Nairobi
Head Office |
Bachelor's
Degree |
Nov 26, 2026 05:00 pm |
REF:ICTO/21 |
|
|
Accountant
(1 Post) |
Nairobi
Head Office |
Bachelor's
Degree |
Nov 26
2026 05:00 pm |
REF:
A/20 |
|
|
Records
Assistant II (1 Post) |
Nairobi
Head Office |
Diploma |
Nov 26
2026 05:00 pm |
REF:
RAII/19 |
|
|
Records
Assistant I (1 Post) |
Nairobi
Head Office |
Diploma |
Nov 26
2026 05:00 pm |
REF:
RAI/18 |
|
|
Security
Officer (1 Post) |
Nairobi
Head Office |
Bachelor's
Degree |
Nov 26
2026 05:00 pm |
REF:
SO/17 |
|
|
Office
Administrator (1 Post) |
Nairobi
Head Office |
Bachelor's
Degree |
Nov 26
2026 05:00 pm |
REF:
OA/16 |
|
|
Senior
Office Administrator (1 Post) |
Nairobi
Head Office |
Bachelor's
Degree |
Nov 26
2026 05:00 pm |
REF:
SOA/15 |
|
|
Principal
Administration Officer (1 Post) |
Nairobi
Head Office |
Bachelor's
Degree |
Nov 26
2026 05:00 pm |
REF:
PAO /14 |
|
|
Senior
Human Resource Management Officer (1 Post) |
Nairobi
Head Office |
Bachelor's
Degree |
Nov 26
2026 05:00 pm |
REF:
SHRMO/13 |
|
|
Assistant
Director, Human Resource Management (1 Post) |
Nairobi
Head Office |
Bachelor's
Degree |
Nov 26
2026 05:00 pm |
REF:
ADHRM/12 |
|
|
Planning
Officer (1 Post) |
Nairobi
Head Office |
Bachelor's
Degree |
Nov 26
2026 05:00 pm |
REF:PO
/11 |
|
|
Knowledge
Management Assistant II (1 Post) |
Nairobi
Head Office |
Diploma |
Nov 26
2026 05:00 pm |
REF:KMAII/10 |
|
|
Assistant
Director, Innovation (1 Post) |
Nairobi
Head Office |
Bachelor's
Degree |
Nov 26
2026 05:00 pm |
REF:
ADI/09 |
|
|
Conduct
Supervision Assistant III (2 Posts) |
Nairobi
Head Office |
Bachelor's
Degree |
Nov 26
2026 05:00 pm |
REF:
CSAIII/08 |
|
|
Senior
Conduct Supervision Officer (6 Posts) |
Nairobi
Head Office |
Bachelor's
Degree |
Nov 26
2026 05:00 pm |
REF:
SCSO/07 |
|
|
Principal
Conduct Supervision Officer (3 Posts) |
Nairobi
Head Office |
Bachelor's
Degree |
Nov 26
2026 05:00 pm |
REF:
PCSO/06 |
|
|
Assistant
Director, Conduct Supervision (2 Posts) |
Nairobi
Head Office |
Master's
Degree |
Nov 26
2026 05:00 pm |
REF:
ADCS/05 |
|
|
Senior
Actuarial Officer (2 Posts) |
Nairobi
Head Office |
Bachelor's
Degree |
Nov 26
2026 05:00 pm |
REF:
SAO/04 |
|
|
Supervision
Officer, Prudential (4 Posts) |
Nairobi
Head Office |
Bachelor's
Degree |
Nov 26
2026 05:00 pm |
REF:
SOP/03 |
|
|
Senior
Risk Management Quality Assurance Officer (1 Post) |
Nairobi
Head Office |
Bachelor's
Degree |
Nov 26
2026 05:00 pm |
REF:
SRMQAO/31 |
|
|
Senior
Supervision Officer, Prudential (2 Posts) |
Nairobi
Head Office |
Bachelor's
Degree |
Nov 26
2026 05:00 pm |
REF:
SSOP/02 |
Don't miss out on these exciting opportunities! To stay updated on the latest job openings:
- Follow Job Base (Kenya) on LinkedIn.
- Join the conversation on Twitter/ X.
- Like our Facebook page.
- Check out our inspiring stories on Instagram.
- Subscribe to our WhatsApp Channel for real-time updates.
- Join the discussion on Threads
- Stay connected on our Telegram Channel.
- Feel free to also reach out to us via email at: jobbasekenya@outlook.com
By following Job Base (Kenya) on these platforms, you'll not only stay informed about job opportunities but also be part of a community that's passionate about entrepreneurship and social impact.
