GITHUA KIHARA - Marine Cargo Insurance Directive: Protectionism or Trade Barrier? - The Elephant

GITHUA KIHARA - Marine Cargo Insurance Directive: Protectionism or Trade Barrier? - The Elephant

Stakeholders in the logistics industry are questioning the abrupt directive by the Insurance Regulatory Authority (IRA) and the Kenya Revenue Authority (KRA) requiring all imports to be insured locally. They argue that the measures necessary to support such a move have not been put in place and that implementing the directive will end in failure as was the case in 2017 when it was first issued. To support Kenya’s insurance industry, Section 20 o…