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Jubilee & Matatus!
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VituVingiSana
#1 Posted : Monday, June 14, 2010 10:24:01 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
http://www.businessdaily.../-/cvpob7z/-/index.html

Jubilee to start insuring Matatus???

Lakini, they are very smart so...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Gordon Gekko
#2 Posted : Monday, June 14, 2010 10:41:51 PM
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Joined: 5/27/2008
Posts: 3,760
Value addition or value erosion ????
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VituVingiSana
#3 Posted : Tuesday, June 15, 2010 2:58:36 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
I am not sure if Jubilee ever insured matatus directly though they did so through the Motor Pool many years ago...

Lakini, I have faith that if Jubilee were to insure matatus, they would get plenty of clients coz of their 'name'. They should do it slowly before building up the business...

As I said, JIHL are smart folks!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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guru267
#4 Posted : Tuesday, June 15, 2010 11:55:19 AM
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Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
this all sounds like they are targeting the lower end of the market which has huge potential because in addition to the matatu insurance they are also set to introduce crop, legal and funeral insurance...

as a new shareholder all this sounds good!! Applause
Mark 12:29
Deuteronomy 4:16
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My 2 cents
#5 Posted : Tuesday, June 15, 2010 4:37:20 PM
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Joined: 6/2/2010
Posts: 1,069
I beg to differ. You can NEVER make a profit selling insurance to matatus. This is a no-win proposition; the number of fraudulent claims alone will sink you.

In life you choose to either learn from the mistakes of others or make your own mistakes and learn from them.
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Wa_ithaka
#6 Posted : Tuesday, June 15, 2010 4:45:54 PM
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Joined: 1/7/2010
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Location: nbi
Has any firm profitabley sold matatu insurance? I thought the way to do was to lend to those who sell the insurance?
The Governor of Nyeri - 2017
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guru267
#7 Posted : Tuesday, June 15, 2010 4:51:49 PM
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Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
My 2 cents wrote:
I beg to differ. You can NEVER make a profit selling insurance to matatus. This is a no-win proposition; the number of fraudulent claims alone will sink you.

In life you choose to either learn from the mistakes of others or make your own mistakes and learn from them.


@My 2 cents i dont think you read the article properly, Jubilee did not go into this venture specifically because of the reason you stated above...

the budget has done alot to cover all this holes and Jubilee also plans to put alot of risk management into place so it still stands to be beneficial to them
Mark 12:29
Deuteronomy 4:16
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kenmac
#8 Posted : Tuesday, June 15, 2010 8:55:44 PM
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Joined: 5/26/2009
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>> While at it, does anyone have details on when the share split is effected?
......Ecclesiastes
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guru267
#9 Posted : Wednesday, June 16, 2010 11:04:34 AM
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Posts: 6,675
Location: Nairobi
kenmac wrote:
>> While at it, does anyone have details on when the share split is effected?


@kenmac are you talking about a Jubilee share split???
last i heard it was bonus shares and a dividend but its now trading ex all and the bonus shares will be uploaded in August...

Mark 12:29
Deuteronomy 4:16
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My 2 cents
#10 Posted : Wednesday, June 16, 2010 1:02:23 PM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,069
guru267 wrote:
My 2 cents wrote:
I beg to differ. You can NEVER make a profit selling insurance to matatus. This is a no-win proposition; the number of fraudulent claims alone will sink you.

In life you choose to either learn from the mistakes of others or make your own mistakes and learn from them.


@My 2 cents i dont think you read the article properly, Jubilee did not go into this venture specifically because of the reason you stated above...

the budget has done alot to cover all this holes and Jubilee also plans to put alot of risk management into place so it still stands to be beneficial to them


I will them all the best....
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