Jubilee Allianz General Insurance Kenya Limited has appointed Sylvester Nzioka as chief operating officer and principal officer, effectively making him the head of the business in Kenya.The insurer said in internal communication Mr Nzioka has taken up the position, effective January 1...
“The remaining 17 companies controlled 34.8 percent of the market indicating that the Kenyan long-term insurance segment is dominated by a few players.” Britam has retained the single largest market share of more than 20 percent over the last four years. During the quarter under ...
Jubilee filings to the Insurance Regulatory Authority (IRA) shows that the health business retuned an underwriting profit —the difference between premiums collected and claims paid out— of Sh560.945 million. The regional insurer in late 2019 split Jubilee Insurance Company of Kenya Limited into ...
CIC Insurance Group #ticker:CIC made a Sh335.5 million net loss in the half year ended June, reversing a net profit of Sh20.9 million the year before. Another insurer, Sanlam Kenya #ticker:SLAM reported a Sh99.1 million after-tax loss, down from a Sh639.6 million ne...