IIB was incorporated in 2006 under the Companies Act (Cap. 486) as not-for-profit organization (NPO) with liability limited by guarantee; therefore not having a share capital. This means that IIB’s income and property or any portion thereof shall not be transferred by way of profit to the members of the company.
IIB major role is that of authenticated, accurate and real-time data source to the Kenyan insurance and financial services industry at the moment but progressively for the African Insurance Market. IIB is committed to providing information to potential and insurance consumer publics, policy-makers, potential investors in the insurance and financial services industry (both local and international), to government, the suppliers of insurance - the insurance companies, as well as to funders and donors. Indeed, both insurance buying public and the suppliers of insurance need continuous, dependable information to make fact-based and accurate decisions.