Objectives of the institute:
The objects for which the Institute is established are to:

• Formulate, establish and maintain high standards of insurance knowledge, training, practice and conduct in order to enhance the practice of insurance and public confidence in the insurance profession.
• Store and disseminate such insurance knowledge by educational and training processes and conducting examinations, enquiries, research, by publishing and distributing communications and journals in such manner as it deems fit.
• Devise and implement procedures and methods for testing the qualifications of candidates for the diplomas and certificates of the Institute by examination in theory and practice or by other actual and practical tests and to grant diplomas and certificates of qualifications to successful candidates.

• Institute, establish and promote scholarships, grant awards and prizes and to encourage education and excellence in the principle and practices of insurance whenever funds are available.
• Act as a medium of consultation and communication with the Government and its institutions established from time to time.
• Confer, consult, maintain contact and co-operate with other professional bodies established both within and outside Kenya having objects similar to those of the Institute.