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CIC FY 2012 pre-tax profit up 110%
Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Ericsson wrote:Just read CIC Insurance annual report for 2012.The company recorded a big jump in premiums in the medical insurance business from ksh.519m to ksh.1.362B.
Seems the company is getting a big chunk of the medical insurance business from the likes of Jubilee.
This might be one of the reasons Jubilee insurance recorded a sluggish growth compared to the other insurance companies. Thanks. So this is what whacked my JHL play... Maybe I'm underrating this CIC kid too much. How much of this medical premium pie on the corporate side did CIC really chew off? And why would those corporates bail from JHL, which has a larger asset base than the new kid in town?
I thought CIC is a micro insurance outfit 
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 12/4/2009 Posts: 10,810 Location: NAIROBI
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@hisah Corporates will bail out coz of cost.The executive suite of Jubilee is more than that of CIC. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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CIC FY 2012 pre-tax profit up 110%
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