- The credit-only financial institution, Fincorp Credit has negotiated for an arrangement that will see members of the Association of Insurance Brokers of Kenya (AIBK) pay 10 percent in cash and then take a trade credit insurance on the balance.
- Insurance Regulatory Authority (IRA) requires all brokers to provide a minimum of Sh3 million as security in the form of a bank guarantee and submit the signed form to the regulator for custody.
https://www.businessdailyafrica.com/bd/markets/market-news/insurance-brokers-security-guarantee-deal-to-boost-liquidity-3586894
