The insurance regulatory authority(IRA) as täken over the management of the troubled Standard Assurance Company following the expiry of the statutory management tanure. Justice Muga Apondi has directed the managers to hand over the company to IRA which favours the winding up of the firm over the attempts to save the insurance firm from the collapse We wonder why could the regulatory wish to wind up the company while its assets stood at 611 .9 billion kenya shilling compared to the liabilities that stood at the 1.3 billion This comes as another Insurance company as been placed under statutory management.IRA placed Blueshield insurance under statutory management until the debt are fully adressed