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CIC Insurance FY 2017
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mlennyma
#31 Posted : Monday, May 07, 2018 11:41:36 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Ericsson wrote:
On the positive side medical insurance business they are doing well going by the annual report;
Premiums grew by sh.893mn in 2017

they have also grabbed safaricom medical cover
"Don't let the fear of losing be greater than the excitement of winning."
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Metch
#32 Posted : Monday, May 07, 2018 11:55:02 AM
Rank: Member

Joined: 12/22/2015
Posts: 224
Location: Mombasa, Kenya
mlennyma wrote:
Ericsson wrote:
On the positive side medical insurance business they are doing well going by the annual report;
Premiums grew by sh.893mn in 2017

they have also grabbed safaricom medical cover


that cover is 2B worth.
but the market has a bad attitude so i'll wait to jump in
Start!
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Ericsson
#33 Posted : Monday, May 07, 2018 11:58:06 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Metch wrote:
mlennyma wrote:
Ericsson wrote:
On the positive side medical insurance business they are doing well going by the annual report;
Premiums grew by sh.893mn in 2017

they have also grabbed safaricom medical cover


that cover is 2B worth.
but the market has a bad attitude so i'll wait to jump in


waaah the market's bad attitude should be your good attitude or timing to buy based on the news
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Metch
#34 Posted : Monday, May 07, 2018 12:03:44 PM
Rank: Member

Joined: 12/22/2015
Posts: 224
Location: Mombasa, Kenya
Ericsson wrote:
Metch wrote:
mlennyma wrote:
Ericsson wrote:
On the positive side medical insurance business they are doing well going by the annual report;
Premiums grew by sh.893mn in 2017

they have also grabbed safaricom medical cover


that cover is 2B worth.
but the market has a bad attitude so i'll wait to jump in


waaah the market's bad attitude should be your good attitude or timing to buy based on the news


Exactly! Following closely as we head south
Start!
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Ericsson
#35 Posted : Monday, May 07, 2018 12:14:41 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Tom Gitogo's pay for 2018 including bonuses may now reach sh.200mn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#36 Posted : Monday, May 07, 2018 12:55:14 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
mlennyma wrote:
Ericsson wrote:
On the positive side medical insurance business they are doing well going by the annual report;
Premiums grew by sh.893mn in 2017

they have also grabbed safaricom medical cover


Grabbed it from Jubilee
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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snifadog
#37 Posted : Monday, May 07, 2018 12:58:21 PM
Rank: Member

Joined: 6/6/2016
Posts: 167
Location: Nairobi
corporate medical insurances are heavily undercut on pricing and result in massive underwriting losses. this one will sink their medical insurance business again
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Ericsson
#38 Posted : Monday, May 07, 2018 1:07:49 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
snifadog wrote:
corporate medical insurances are heavily undercut on pricing and result in massive underwriting losses. this one will sink their medical insurance business again


It can go either way and turn out to be a profitable venture
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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snifadog
#39 Posted : Monday, May 07, 2018 2:20:58 PM
Rank: Member

Joined: 6/6/2016
Posts: 167
Location: Nairobi
a very dangerous game to play
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Ericsson
#40 Posted : Monday, May 07, 2018 4:58:51 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
snifadog wrote:
corporate medical insurances are heavily undercut on pricing and result in massive underwriting losses. this one will sink their medical insurance business again


Contract with jubilee terminated due to poor service from provider.
Attempts to ammend were futile.
Hooray cic
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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