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chiaroscuro
#1 Posted : Tuesday, October 09, 2012 9:16:26 AM
Rank: Veteran


Joined: 2/2/2012
Posts: 1,134
Location: Nairobi
AAR Health Services Ltd has converted into AAR Insurance Kenya Ltd and is now offering ALL insurance services, not just health covers.

Interesting to note that this company started as Africa Air Rescue [hence the name AAR] providing air ambulance services; then it widened into a health insurance company; then became a health management company [with own clinics]; then added premium financing services; and now it has become a fully-fledged insurer.

What next?
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StatMeister
#2 Posted : Tuesday, October 09, 2012 9:18:45 AM
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Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
Re-insurance
A bad day fishing is better than a good day at work
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guru267
#3 Posted : Tuesday, October 09, 2012 10:29:22 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
listing on the NSE!
Mark 12:29
Deuteronomy 4:16
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FUNKY
#4 Posted : Tuesday, October 09, 2012 10:46:27 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
Yup list on the NSE...directors will cash in BIG and leave the wanjiku suffering just like what CIC did!!
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chiaroscuro
#5 Posted : Tuesday, October 09, 2012 11:29:08 AM
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Joined: 2/2/2012
Posts: 1,134
Location: Nairobi
I suspect they'll grow the premium financing business into a fully-fledged bank.....
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Robinhood
#6 Posted : Wednesday, October 10, 2012 6:49:50 PM
Rank: Elder


Joined: 12/11/2008
Posts: 2,306
I expect AAR to remain even more profitable. The insurers have been making all the profits while squeezing AAR. I am waiting for the IPO
Great men are not always wise, neither do the aged understand judgement...
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tony stark
#7 Posted : Thursday, October 11, 2012 10:54:03 AM
Rank: Veteran


Joined: 7/8/2008
Posts: 947
Robinhood wrote:
I expect AAR to remain even more profitable. The insurers have been making all the profits while squeezing AAR. I am waiting for the IPO


That doesn't make sense. The insurance companies and AAR are in competition. AAR was a HMO so they had clients who they mainly managed in their facilities and they few they didn't manage would be admitted.

Insurance companies get clients and approach hospitals who offer the service in return for payment.

If there is any squeezing been done it's between insurance companies and hospitals and between AAR and hospital but not between insurance companies and AAR.

Does anyone have AAR financials?
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Robinhood
#8 Posted : Monday, October 22, 2012 10:24:14 AM
Rank: Elder


Joined: 12/11/2008
Posts: 2,306
tony stark wrote:
Robinhood wrote:
I expect AAR to remain even more profitable. The insurers have been making all the profits while squeezing AAR. I am waiting for the IPO


That doesn't make sense. The insurance companies and AAR are in competition. AAR was a HMO so they had clients who they mainly managed in their facilities and they few they didn't manage would be admitted.

Insurance companies get clients and approach hospitals who offer the service in return for payment.

If there is any squeezing been done it's between insurance companies and hospitals and between AAR and hospital but not between insurance companies and AAR.

Does anyone have AAR financials?


The guys who insure AAR's medical business must make a profit so the company has literally been sharing profits with an insurer. AAR will now make this extra margin.
Great men are not always wise, neither do the aged understand judgement...
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