bartum wrote:Total assets increased by 23% from last
year.Expecting to hit the 1billion mark this
year with our Motor Commercial Plus
Product.Medical Business grew to Kshs 2.3
Billion.This was a 35% above budget
and 21% compared to 2012.Claims grew by 30% because of
Medical, Motor Private and Employee
Group life.Gross written premiums grew by 22.8%
in 2013 to Kshs 11 Billion.General insurance increased by 23% to
stand at 8Billion.Total assets settling at 17billion."Our profits grew by 1% in 2013." CIC
Insurance GCEO MR. Nelson Kuria
More from CIC FB:
CIC plans to make a bonus issue of 1 new share for every 5 paid up shares. #CICInvestorBriefing
In Micro-Insurance, CIC wrote over Kshs 600 Million of premiums in 2013. We have set a target of 1 Billion in 2014. Our key focus areas will be Micro-Health, Life and Micro-Pensions. #CICInvestorBriefing
In Real Estate CIC Insurance Group owns 512 Acres in Isinya and 200 Acres in Kiambu . We plan to commence development of the same. #CICInvestorBriefing
CIC has identified alternative distribution channels. We have partnered with Tuskys to offer #Shopassurance . This will be accessible countrywide on the 40 Tuskys outlets. #CICInvestorBriefing
We have partnered with 17 Banks to offer Bancassurance. The premium in 2013 was beyond Kshs 1.7 Billion. #CICInvestorBriefing
CIC is expanding regionally. We are already operational in South Sudan. We are also completing the agreements in Uganda and Malawi. We plan to commence operation by July 2014. #CICInvestorBriefing
etc.