Nairobi, July 14 -- Kenya's insurance sector has witnessed repeated cases of delays in submission of quarterly reports to the Insurance Regulatory Authority (IRA).

Many insurance firms have ended paying millions of shillings in fine, raising questions about their stability.

What is quarterly reporting in insurance and what information must insurers disclose?

Quarterly reporting in insurance refers to the mandatory submission of financial and operational returns by insurers to the regulator every three months.

In Kenya, these reports typically include detailed financial statements such as balance sheets and profit and loss accounts, alongside disclosures on solvency margins, capital adequacy, claims liabilities, premium income, liquidi...