Competition aspects in regulation of the insurance industry in kenya

Abstract

This thesis is primarily concerned with the interplay between competition law and regulation of the insurance sector in Kenya. The approach of the study is to interrogate the role of insurance regulation and how it relates with the theory of competition in a free market. The study thus undertakes a critical appraisal of the regulatory framework for the insurance industry in Kenya while juxtaposing it with the legislative regime and provisions on competition. Eventually the study reveals that the regulation of the insurance industry in Kenya is inherently weak thus failing to stimulate competition in the industry. The study therefore calls for the establishment of a regulatory framework in the insurance industry that is efficient and able to stimulate competition in the industry in a manner that will stir growth.