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Jubilee is KING!!
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Pesa Nane
#41 Posted : Friday, June 29, 2012 12:26:35 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Gordon Gekko wrote:
This is a serious investment vehicle masquerading as an insurer. I have placed an audacious bid at ksh 150/-.


@GG, That will remain as float to your broker for a long time, a really long time.Laughing out loudly Laughing out loudly Laughing out loudly
Pesa Nane plans to be shilingi when he grows up.
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mozenrat
#42 Posted : Friday, June 29, 2012 12:47:07 PM
Rank: Veteran

Joined: 5/18/2008
Posts: 796
VituVingiSana wrote:
guru267 wrote:
VituVingiSana wrote:
Hasara!

Premiums paid to Jubilee 12.6mn
Claims paid out 30mn. Not even through the year.


How long have they been Mps??. Im sure Jubilee has been receiving saitotis premiums every year since 1970s.

The claim is much less than total accumulated premiums on the policy...

Plus with every unforeseen accidental death the premiums rise..

"Im sure Jubilee has been receiving saitotis premiums every year since 1970s"
OK, who am I to disbelieve you...
1) This payment was coz he was an MP not a personal cover. So explain this:
Why would GoK pay premiums for saitoti even when he was NOT an MPig?
2) Has Jubilee been the (only) Life Assurance provider for MPigs since the 1970s?
3) An opinion is not a fact even if "Im sure"



@VVS, I'm not sure where the 12.6M figure came from but please clarify, is the figure the premium for all MPs or for the three dead ones?
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VituVingiSana
#43 Posted : Friday, June 29, 2012 12:50:08 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
mozenrat wrote:
VituVingiSana wrote:
guru267 wrote:
VituVingiSana wrote:
Hasara!

Premiums paid to Jubilee 12.6mn
Claims paid out 30mn. Not even through the year.


How long have they been Mps??. Im sure Jubilee has been receiving saitotis premiums every year since 1970s.

The claim is much less than total accumulated premiums on the policy...

Plus with every unforeseen accidental death the premiums rise..

"Im sure Jubilee has been receiving saitotis premiums every year since 1970s"
OK, who am I to disbelieve you...
1) This payment was coz he was an MP not a personal cover. So explain this:
Why would GoK pay premiums for saitoti even when he was NOT an MPig?
2) Has Jubilee been the (only) Life Assurance provider for MPigs since the 1970s?
3) An opinion is not a fact even if "Im sure"


@VVS, I'm not sure where the 12.6M figure came from but please clarify, is the figure the premium for all MPs or for the three dead ones?

http://www.businessdaily...60/-/1giw60/-/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mwekez@ji
#44 Posted : Friday, June 29, 2012 1:24:31 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
VituVingiSana wrote:
mozenrat wrote:
@VVS, I'm not sure where the 12.6M figure came from but please clarify, is the figure the premium for all MPs or for the three dead ones? .

http://www.businessdailyafrica....60/-/1giw60/-/index.html
.


@VVS could be refering to this link

http://www.nation.co.ke/News/Sh...36/-/tm9chy/-/index.html

So @VVS, is the premium of Sh12.6 million for all MPs or for the three dead ones, or ...?...
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madebe
#45 Posted : Friday, June 29, 2012 3:59:16 PM
Rank: Member

Joined: 10/7/2010
Posts: 251
Location: nairobi
assuming the 12.6 M is annual premium, then 12.6*5 years or kshs kshs 63.5 M has been paid as premium. how many mps have died during the current session apart from michuki, ojode saitoti?
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Mastermind
#46 Posted : Friday, June 29, 2012 4:22:42 PM
Rank: Veteran

Joined: 1/25/2012
Posts: 1,624
Location: Langley
madebe wrote:
assuming the 12.6 M is annual premium, then 12.6*5 years or kshs kshs 63.5 M has been paid as premium. how many mps have died during the current session apart from michuki, ojode saitoti?


... Mr Gichohi said the National Assembly paid Sh12.6 million as premium to Jubilee Insurance. “It was an open tender running from September 1, 2011 for renewal on 31st August 2012,” Mr Gichohi said
If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
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Horton
#47 Posted : Friday, June 29, 2012 8:17:01 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Is it just me that cares about combined ratios?
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mwekez@ji
#48 Posted : Monday, July 09, 2012 9:17:43 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Rising hospital costs sink insurers deeper into losses

Jubilee and General Accident Insurance companies were the only major insurers that posted profits of Sh114.9 million and Sh30.8 million respectively.

http://www.businessdailyafrica....0/-/vog94xz/-/index.html
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VituVingiSana
#49 Posted : Tuesday, July 10, 2012 1:03:43 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Jubilee is the King of the Hill
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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PKoli
#50 Posted : Tuesday, July 10, 2012 1:13:47 AM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
VituVingiSana wrote:
Jubilee is the King of the Hill


The potential not yet realized. I wonder whether it is due to its low dividend payout.
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