Nairobi, Sept. 9 -- Insurance companies in Kenya have shifted to a customs bond verification platform owned by the Insurance Regulatory Authority (IRA) after a fallout with an intermediary firm, Kenswitch, over service fees.

The insurers' lobby, the Association of Kenya Insurers (AKI), says the underwriters migrated to the charge-free IRA platform last year following a dispute over a 0.125 percent fee required to use Kenswitch.

"The IRA created a platform, and that is the platform that the insurance companies are now using for bond verification because this one is connected to the KRA (Kenya Revenue Authority). It is now seamless. We are now 100 percent ok," AKI chief executive officer, Tom Gichuhi, told Business Daily.

The customs bon...