RCL Africa Stays Ahead of the Pack, Even as Marine Cover Faces Delays
The rollout of Kenya’s compulsory marine insurance policy has been postponed to July 2025 due to system challenges. Initially set to take effect on February 14, the directive requires importers to purchase marine insurance from local providers rather than foreign firms. The Insurance Regulatory Authority (IRA), in collaboration with the Kenya Revenue Authority (KRA), is working to resolve technical issues before implementation.
The policy aims to boost local insurers by ensuring that marine insurance premiums remain within Kenya. Despite existing laws mandating local coverage, compliance has been low, as KRA has continued clearing goods insured by foreign firms. Once the system is operational, importers will need to obtain digital marine insurance certificates before customs clearance.
In 2024, marine and transit insurance premiums in Kenya grew to Sh4.66 billion, reflecting an increase from previous years. However, local insurers have yet to fully tap into the market’s potential, given that Kenya’s total import value reached Sh2.71 trillion in the same year.
At RCL Africa, we are already ahead of the curve. While others wait for the official implementation, we’ve optimized our logistics and insurance solutions to ensure seamless coverage for your imports.
No Delays, No Hassle
✔ Proactive Compliance – We anticipate changes before they happen, keeping your cargo protected.
✔ Reliable Marine Insurance – Even with the delay, our trusted partnerships ensure your shipments stay covered.
✔ Streamlined Processing – Avoid disruptions with our efficient, digital insurance solutions tailored for smooth customs clearance.
With Kenya’s import market valued at Sh2.71 trillion, staying ahead in marine insurance compliance is key to uninterrupted supply chains. RCL Africa leads the way, ensuring you’re always covered: no delays, no risks, just smooth shipping.
Stay ahead with RCL Africa, your trusted logistics partner.
