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CIC Insurance FY 2017
littledove
#51 Posted : Tuesday, May 29, 2018 8:34:26 AM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
https://www.businessdailyafrica.com/markets/marketnews/CIC-targets-Sh300m-savings-roll-out-centres/3815534-4584538-mb0fbpz/index.html
Cars involved in accidents are taken to the centre from a police station for assessment of the extent of the damage, unlike in the past where they would be taken to a garage by owners with the insurer sending claim forms through brokers or agents.

Mr Wachira said the new model has sealed loopholes for fraud through collusion by actors in the assessment and repair process such as agents, car owners and garage operators.
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
mlennyma
#52 Posted : Tuesday, May 29, 2018 10:32:02 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
littledove wrote:
https://www.businessdailyafrica.com/markets/marketnews/CIC-targets-Sh300m-savings-roll-out-centres/3815534-4584538-mb0fbpz/index.html
Cars involved in accidents are taken to the centre from a police station for assessment of the extent of the damage, unlike in the past where they would be taken to a garage by owners with the insurer sending claim forms through brokers or agents.

Mr Wachira said the new model has sealed loopholes for fraud through collusion by actors in the assessment and repair process such as agents, car owners and garage operators.

I thought gitogo was the MD
"Don't let the fear of losing be greater than the excitement of winning."
Ericsson
#53 Posted : Tuesday, May 29, 2018 10:40:14 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
mlennyma wrote:
littledove wrote:
https://www.businessdailyafrica.com/markets/marketnews/CIC-targets-Sh300m-savings-roll-out-centres/3815534-4584538-mb0fbpz/index.html
Cars involved in accidents are taken to the centre from a police station for assessment of the extent of the damage, unlike in the past where they would be taken to a garage by owners with the insurer sending claim forms through brokers or agents.

Mr Wachira said the new model has sealed loopholes for fraud through collusion by actors in the assessment and repair process such as agents, car owners and garage operators.

I thought gitogo was the MD


Wachira is MD for General Insurance.
Gitogo is Group MD/CEO
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#54 Posted : Sunday, June 17, 2018 9:57:58 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
https://www.businessdail...2874-10je52wz/index.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
jawgey
#55 Posted : Tuesday, June 19, 2018 7:37:42 PM
Rank: Member

Joined: 1/13/2014
Posts: 398
Location: Denmark
Did anyone else experience this rather bizarre scenario where the dividend was credited on 18/6/18 and later debited on 19/6/18?
Seeing is believing
jawgey
#56 Posted : Tuesday, June 19, 2018 7:41:36 PM
Rank: Member

Joined: 1/13/2014
Posts: 398
Location: Denmark
jawgey wrote:
Did anyone else experience this rather bizarre scenario where the dividend was credited on 18/6/18 and later debited on 19/6/18?


Just realized they hadn't deducted Withholding tax. What a blunder!
Seeing is believing
Chaka
#57 Posted : Tuesday, June 19, 2018 7:47:59 PM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
Say what?Do these reversals attract bank charges?
jawgey wrote:
jawgey wrote:
Did anyone else experience this rather bizarre scenario where the dividend was credited on 18/6/18 and later debited on 19/6/18?


Just realized they hadn't deducted Withholding tax. What a blunder!

Wondergirl
#58 Posted : Wednesday, June 20, 2018 8:19:20 AM
Rank: Member

Joined: 9/12/2009
Posts: 312
Chaka wrote:
Say what?Do these reversals attract bank charges?
jawgey wrote:
jawgey wrote:
Did anyone else experience this rather bizarre scenario where the dividend was credited on 18/6/18 and later debited on 19/6/18?


Just realized they hadn't deducted Withholding tax. What a blunder!


And for cheques?
Had they dis perched them? Wow!!
jawgey
#59 Posted : Wednesday, June 20, 2018 9:06:24 AM
Rank: Member

Joined: 1/13/2014
Posts: 398
Location: Denmark
Chaka wrote:
Say what?Do these reversals attract bank charges?
jawgey wrote:
jawgey wrote:
Did anyone else experience this rather bizarre scenario where the dividend was credited on 18/6/18 and later debited on 19/6/18?


Just realized they hadn't deducted Withholding tax. What a blunder!



Yes of course there was a remittance fee deducted on the initial credit. After the reversal, the bank never reversed the charge. Hapa Wizi tu
Seeing is believing
Ericsson
#60 Posted : Wednesday, July 04, 2018 12:23:11 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Cic has put an advert in yesterday's newspaper selling land in kajiado.
The first parcel is 200 acres within the vicinity of Umma university along Namanga road before kajiado town.
The second parcel is 192acres located along pipeline road,Isinya town.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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