NAIROBI, Kenya β The Policyholders Compensation Fund (PCF) has commenced the compensation process for policyholders and claimants of the defunct Trident Insurance Company Limited. The announcement was made in a public notice on Tuesday, April 14, 2026.
The PCF, established under the Insurance Act, steps in to protect policyholders when an insurer is placed under statutory management and is unable to meet its obligations. Trident Insurance was placed under statutory management by the Insurance Regulatory Authority (IRA) in 2024 due to financial instability.
Eligible claimants are required to submit their documentation to the PCF for verification. The fund has outlined a phased payment plan, prioritizing certain categories of claims as per its established guidelines. The exact number of claimants and the total compensation amount have not been disclosed in the initial notice.
The move aims to provide financial relief to individuals and businesses who held policies with the insurer. The PCF has advised all affected parties to follow the official channels for updates on the compensation schedule and submission requirements.
