The Insurance Regulatory Authority (IRA) has opened the door to a life-changing opportunity for Kenyan students, unveiling fully funded Master’s scholarships in the United Kingdom for the 2026/2027 academic cycle.

The Golden Ticket

In a move to bolster Kenya’s technical capacity in the financial sector, the government is offering a "golden ticket" to the prestigious Bayes Business School (formerly Cass) at City, University of London. The scholarship is comprehensive, covering:

• Full Tuition Fees: For the MSc in Actuarial Management.
• Travel & Accommodation: Return airfare and housing costs.
• Living Stipend: Ensuring scholars can focus entirely on their studies.

Who is Eligible?

This is not a general bursary; it is a targeted investment in high-level talent. The IRA is looking for the "cream of the crop." While specific details for the 2026 intake are detailed on the IRA website, the program traditionally targets:

• First Class or Upper Second-Class Honors graduates in Actuarial Science.
• Recent graduates (typically within the last six years).
• Candidates who have already cracked the hard shell of professional exams, with significant progress toward Associate Membership of the Institute/Faculty of Actuaries.

Strategic Brain Gain

The scholarship is a strategic play by the Kenyan government. Actuarial science remains a scarce skill in the region, critical for the stability of insurance firms, pension funds, and national social security planning. By sending its brightest minds to London—the historical home of actuarial science—Kenya is ensuring a pipeline of world-class experts to return and steer the local economy.

Interested candidates are urged to visit the IRA website immediately. In the world of elite education, hesitation is the only way to guarantee failure.