Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


MyNews24 is a user-generated section of News24 Kenya. The stories here come from users.

Latest Badges:

View all MyNewsKenyaEd's badges.

Insurance agents want banks barred from engaging in bancassurance

09 September 2014, 14:41 Joseph Njung'eh

Nyeri - Insurance agents in the country have said commercial banks should be barred from engaging in Bank Assurance business stating that it is against the principles of insurance.
Bima Intermediaries Association of Kenya, which is the agents' umbrella association, want the Insurance Regulatory Authourity (IRA) to intervene and stop banks from offering the services.

Bima chairman, Washington Ndegea, said he had written to IRA seeking to have the practice abolished but the body was yet to respond.
Speaking in Nyeri, Ndegea accused the banks of trying to enter into the insurance sector through the "back door" by usurping the role of insurance companies when they loan cash to clients.

ALso Read: AFC fans to access personal accident and funeral cover

“A bank should remit premiums on loan insurance of a client to an insurance company and not assume the role of insurer. This is hurting the industry and that's why we are calling on the regulator to reign in on banks engaging in such practices,”  Ndegea said.
He spoke during a recruitment drive where over 200 agents from Nyeri County were registered with the association.

He added that the association had developed a code of ethics for members to follow as one way of instilling professionalism in their operations.

He noted that it would go a long way in addressing the low penetration of insurance in Kenya that currently stands at a paltry 3.1 percent.

For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page!

Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.

4 ways to handle your cheating man

24 October 2016, 21:02

Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Submitted by
Shakila Alivitsa
4 ways to handle your cheating ma...

He is cheating. How do you handle him?

Submitted by
Shakila Alivitsa
Why do men choose second wives?

Why do men choose to have second wives?

Submitted by
Eugene Odanga
Wizkid set for twin Kenyan shows

Wizkid is back in Kenya. For two shows.

Submitted by
Eugene Odanga
Udada women's festival begins in ...

The Udada women's festival has arrived in Nairobi.

Submitted by
Uhuru pardons 2747 death row conv...

President Uhuru Kenyatta has pardoned a number of death row convicts, sending them to life sentences instead. Read more...

Submitted by
Eugene Odanga
WATCH: Kaka Sungura arrested in t...

Was Kaka Sungura arrested in town?