The IRA is supported by its partners, the Ministry of Energy and Petroleum, the State Department of Industrialisation, and the East African Insurance Sector, and supported as well by the Financial Sector Deepening (FSD Africa) in collaboration with Parhelion Underwriting and Kenbright.
Alex Wachira, Principal Secretary of the State Department of Energy, emphasized that collaboration and investment between the public and private sectors will be key enablers in driving economic growth and sustainable development.
During the launch event, IRA Commissioner of Insurance Godfrey Kiptum highlighted the critical role that the insurance sector can play in the socio-economic development of a country. “I am proud that the insurance sector has kept innovation alive with products such as the geothermal risk underwriting facility.”
