The Policyholders Compensation Fund (PCF) is a State Corporation under the National Treasury that was established through the Legal Notice No.105 of 2004 and commenced its operations in January 2005
The Fund was established for the primary purpose of providing compensation to claimants of an insurer that has been put under Statutory Management and for the secondary purpose of increasing the general public’s confidence in the insurance sector. The decision to establish the Fund was informed by the collapse of several Insurance companies prior to the year 2005. The Fund is governed by section 179 of the Insurance Act (Cap 487) and the Insurance (Policyholders Compensation Fund) (Amendment) Regulations, 2014.
Policyholders Compensation Fund as stated in the Insurance Act is mandated to:
1. Provide compensation to policyholders of an insurer placed under statutory management or whose license has been cancelled;
2. Monitor, in consultation with the Commissioner where necessary, the risk profile of any insurer;
3. Advice the Cabinet Secretary in charge of finance matters on the national policy to be followed with regard to matters relating to compensation of policyholders and to implement all government policies relating thereto;
4. Participate in the statutory management of an insurer placed under statutory management by the regulator;
5. Liquidate an insurer as may be ordered by a court; and
6. Perform such other functions as may be conferred on it by this Act or by any other written law.
Our Mission;
To enhance confidence in the insurance industry through timely compensation of policyholders of a company placed under a statutory manager or whose license has been canceled.
Our Vision;
To be a highly respected policyholders compensation fund.
Our Core Values;
Integrity
Teamwork
Innovation
Customer-centric
Accountability
Our Motto;
Dhamana ya bima yako
Company Details
- Employees
- 32
- Founded
- -
- Address
- Masaba Road, Kwft Center,6th Floor,kenya
- Industry
- Insurance
- NAICS
-
Insurance Carriers and Related ActivitiesAgencies, Brokerages, and Other Insurance Related Activities
- Keywords
- Mary Kabaara.
- HQ
- Nairobi, Nairobi
Policyholders Compensation Fund Questions
Policyholders Compensation Fund's LinkedIn profile is https://ke.linkedin.com/company/pcfkenya
Policyholders Compensation Fund has
32 employees.
View email and phone details for 32
employees at Policyholders Compensation Fund.
Policyholders Compensation Fund's industry is
Insurance
Policyholders Compensation Fund's top competitors are
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Mcdorcis Solutions,
Wolfbox,
Valia Solution,
Insurance Regulatory Authority,
The Grass Company Limited,
Blockbima,
International Institute For Legislative Affairs,
Jgip Consultants,
X-Alert.
Policyholders Compensation Fund's categories are Insurance
Policyholders Compensation Fund's founding year is 2005
