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AAR INSURANCE
Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi
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AAR Health Services Ltd has converted into AAR Insurance Kenya Ltd and is now offering ALL insurance services, not just health covers.
Interesting to note that this company started as Africa Air Rescue [hence the name AAR] providing air ambulance services; then it widened into a health insurance company; then became a health management company [with own clinics]; then added premium financing services; and now it has become a fully-fledged insurer.
What next?
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Rank: Veteran Joined: 5/23/2010 Posts: 868 Location: La Islas Galápagos
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Re-insurance A bad day fishing is better than a good day at work
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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listing on the NSE! Mark 12:29
Deuteronomy 4:16
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Yup list on the NSE...directors will cash in BIG and leave the wanjiku suffering just like what CIC did!!
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Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi
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I suspect they'll grow the premium financing business into a fully-fledged bank.....
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Rank: Elder Joined: 12/11/2008 Posts: 2,306
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I expect AAR to remain even more profitable. The insurers have been making all the profits while squeezing AAR. I am waiting for the IPO Great men are not always wise, neither do the aged understand judgement...
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Rank: Veteran Joined: 7/8/2008 Posts: 947
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Robinhood wrote:I expect AAR to remain even more profitable. The insurers have been making all the profits while squeezing AAR. I am waiting for the IPO
That doesn't make sense. The insurance companies and AAR are in competition. AAR was a HMO so they had clients who they mainly managed in their facilities and they few they didn't manage would be admitted.
Insurance companies get clients and approach hospitals who offer the service in return for payment.
If there is any squeezing been done it's between insurance companies and hospitals and between AAR and hospital but not between insurance companies and AAR.
Does anyone have AAR financials?
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Rank: Elder Joined: 12/11/2008 Posts: 2,306
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tony stark wrote:Robinhood wrote:I expect AAR to remain even more profitable. The insurers have been making all the profits while squeezing AAR. I am waiting for the IPO
That doesn't make sense. The insurance companies and AAR are in competition. AAR was a HMO so they had clients who they mainly managed in their facilities and they few they didn't manage would be admitted.
Insurance companies get clients and approach hospitals who offer the service in return for payment.
If there is any squeezing been done it's between insurance companies and hospitals and between AAR and hospital but not between insurance companies and AAR.
Does anyone have AAR financials?
The guys who insure AAR's medical business must make a profit so the company has literally been sharing profits with an insurer. AAR will now make this extra margin. Great men are not always wise, neither do the aged understand judgement...
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