NSSF Pushes for Improved Retirement Plans
The National Social Security Fund (NSSF) has made moves to establish a bill that will provide pension schemes for all Kenyans across the board. According to Kenya College of Accountancy (KCA) University Chancellor, Prof Arthur Eshiwani, the proposed statement will give members of the…
The Less You Drive, the Less You Pay
Gateway Insurance Company has unveiled a new service that lets vehicle owners pay their premiums depending on how much they use their cars. The product, dubbed, Pay As You Drive (PAYD), allows policy holders to choose Drive Plans which act as insurance bundles used to estimate…
Crop Insurance, Do You Really Need It?
According to a report by the Encyclopedia of Nations, Kenya has more than 3 million farming families. Less than a third of these people have paid for crop cover in spite of the fact that 75% of the country is either arid or semi-arid.
Is House Insurance Worth all the Trouble?
Insurance has become a major part of our day to day lives. Some people have health insurance while others prefer life insurance. Some register for vehicle insurance and others opt for all the listed choices. But what about property insurance?
Getting the Best Out of Car Insurance
Vehicle insurance seems like just another pesky cost in a world full of bills and expenses. However, it doesn’t hurt to be prepared. There are many pitfalls that come with owning vehicles among which include the risk of theft, fire and bodily harm. As such, it is important to take…
Kenya Re Braves the Storm
Kenya Reinsurance subscribers can remain confident that the company will provide quality services regardless of a few bumps along the road. According to the company’s half-year results, Kenya Re spent KES 2.7 billion on operating costs, claims, benefits, commissions and other expenses. This is…
Jubilee Promises Cheaper Insurance Policies
Jubilee Insurance has pledged to serve its low income customers with more affordable insurance rates. According to a press release from the company, Jubilee intends to increase its customer base by 80%. The company, which is East Africa’s largest insurer, has branches in Kenya, Tanzania, Uganda, Burundi…
Jubilee Scoops 10 Insurance Awards
Jubilee Insurance has won 10 awards at the annual Insurance Awards, 2012 chapter. The company has emerged as the most celebrated company at the awards for three years in a row. Jubilee Insurance was the overall winner in the Marketing Initiative, Medical Insurance underwriter, Life Insurer…
CIC Insurance to List on the NSE
CIC Insurance is set to list on the Main Investment Market Segment (MIMS) of the Nairobi Securities Exchange (NSE). The insurance company will offer 25% of its authorised share capital. According to Reuters, the Capital Markets Authority (CMA) has approved this listing by mid-June this year. The listing would…
Investors Becoming Victims of Their Own Greed?
The recent revelation that some investors had lost millions of shillings of their investment to a product linked to CIC Insurance raised eyebrows. The product in question had characteristics similar to a pyramid scheme, handling huge sums of money and promising high returns in short periods.
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