CIC Insurance Records Kes 259 million profit in HY2021
CIC Insurance has reported a Kes 260 million net profit for the half-year period that ended on 30th June 2021, ...
Read moreDetails
Tag: Insurance Regulatory Authority
Kenya Re’s Half-Year Profit Drops by 66% to Kes 533.7 Million
Reinsurance company Kenya Re posted a 66% decline in half-year profit for the period that ended on 30th June 2021 despite ...
Read moreDetails
Linkham Group Completes Resolution Insurance Buyout- Peter Nduati Appointed Company CEO
Global insurance solutions firm Linkham Group based in the UK has officially confirmed completing a deal that will see them ...
Read moreDetails
Kenya Reinsurance Posts 26% Decline in After Tax Profits to Kes 2.80 Billion For FY2020
Kenya Reinsurance Corporation (Kenya Re) has recorded a 5% decline in profits before tax to Kes 3.98 billion during the ...
Read moreDetails
General Insurance Premiums Record a 0.2% Marginal Increase to Kes 73.18 billion in Q2 2020
The report further stated that the general insurance business remained the largest contributor to the industry insurance premium.
Read moreDetails
Jubilee Insurance and Octagon to Provide Post – Retirement Medical Cover
Octagon Afya Plus also provides members with an avenue to invest and save or transfer up to 10% of their retirement ...
Read moreDetails
Pension Claims Fell to Kes 23.65 Billion in 2019 Despite Increase in Savings
Despite the growth in contributions, it is important to note that the retirement benefits industry has fallen short in providing ...
Read moreDetails
Kenya Posts Marginal Decline in Insurance Penetration as Premiums Rise
Non-Life premium also registered a growth of 3.57% to Kshs 133.45 Billion shillings from 129 Billion in the year under ...
Read moreDetails
Britam Partners with M-Tiba on Digital Medical Insurance Cover
The partnership will see Britam and Carepay explore new mobile channels for Britam’s fast-growing microinsurance portfolio and the future management ...
Read moreDetails
ICEA Lion Picks Paul Muthaura as New Chief Executive
Steven Oluoch who was the former Chief Executive Officer left the organisation upon attainment of retirement age and officially handed ...
Read moreDetails
Allianz Signs Deal To Acquire Kes 10.8 Billion Majority Stake in Jubilee Insurance
“We are keen to enter these key East African markets with substantial market share at the outset and JHL is ...
Read moreDetails
UAP Holdings Posts Kes 305 Million Loss in the First Half of the Year
Overall UAP Holdings saw a double digit increase in gross written premiums at 11% driven by core short-term insurance businesses, ...
Read moreDetails
Sanlam Kenya Posts a 136 Million Loss in the First Six Months of 2020
The performance of Sanlam Kenya in the first six months is attributed to the economic hardship facing the country due ...
Read moreDetails
Britam Back in Loss Making Territory with Kes 2.3 Bn Loss in First Half of 2020
Property revaluation also widened the losses of Kes 929 million due to the depressed property market which has been characterized by ...
Read moreDetails
Jubilee Holdings Set to Pay 652.3 Million in Dividends to Shareholders
The Kes 9 per share for the financial year ended December 2019 will be paid despite the shareholders not approving ...
Read moreDetails
CIC Appoints Elijah Wachira Acting Chief as Gitogo Exits.
Until his appointment, Elijah who joined CIC in 2015 was the Managing Director General Insurance division.
Read moreDetails
