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Jubilee profits up to Kshs 2.143 billion

March 29, 2012 By 3 Comments

Jubilee declares 110% dividend and bonus share of one in ten 

 Nairobi, March 29 – Jubilee Holdings, East Africa’s largest insurance group, celebrating its 75th birthday this year, announced an increase in pre-tax profit for the full year period ended December 31, 2011, to Kshs2.144 billion in 2011.

The Directors have recommended a total dividend of 110% which equates to Kshs5/50 per share. To commemorate this continued impressive growth, Jubilee also declared a bonus share issue in the ratio of 1:10 for the third consecutive year, to mark its 75th birthday approaching on 3rd August 2012.

The results saw Jubilee strengthen its number one position in Kenya, Uganda, and overall in East Africa and also become the market leader in Tanzania. Continue reading “Jubilee profits up to Kshs 2.143 billion” »

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Getting Cheap Car Insurance in Kenya

January 8, 2012 By

Are you looking for cheap car insurance in Kenya? Then read on.

Car insurance is providing financial protection against damage of the road vehicles either physically or bodily injury resulting from traffic conflict.

Kenya being a third world country, motor technology is an exceptional requirement since majority doesn’t own vehicles. Sometimes many car owners fail to understand the importance of insuring their motor vehicles especially in Kenya but on the other hand, insuring car in Kenya is vital or is a compulsory necessity for all new vehicles whether personal or for commercial use. It is supposed to be done before using or keeping motor cars on public roads.

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The Best Insurance Company in Kenya 2011: Jubilee Insurance Company

January 8, 2012 By

This ended up being a Jubilee Insurance review rather than an article on the best insurance company in Kenya. Please note that the views expressed in this article are not the views of the editors of this site:

Jubilee is the second largest and the best insurance company in Kenya. Jubilee Insurance has a strong financial base and over seventy years experience in the industry, its headquarters is in Mombasa. The Company operates through a network of head offices in the East African capital cities of Nairobi, Kampala and Dar es Salaam and has other eight branches spanning the region.

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Take Charge and Know the Types of Insurance Policies in Kenya

January 8, 2012 By

There are a variety of insurance companies that offer numerous types of insurance policies in Kenya. Life in the present days is chock-full of risks. Nobody has an idea of what the future holds for them. Mishaps and accidents and natural calamities are inevitable though with an insurance cover all is well.

A risk occurrence is ninety percent recoverable. Insurance is an effectual approach to risk management and is defined as an evenhanded transfer of the risk of a loss in exchange of a premium. Each quantifiable risk is insurable.

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The Top 10 Insurance Companies in Kenya

January 7, 2012 By

The term insurance may not be as complicated as it may sound. It can simply be defined as the payment of little money or fees for the purpose of protection against unpredicted expenses which are known as claims or losses.

After paying the fee your insurer will pay compensation for any losses you will incur as long as it lies within the terms and conditions you had agreed upon in the letter of contract you signed with that particular insurance company. The compensation is fully paid so it is making it beneficial to the insured.

Expenses occur when we least expect them, so it is all on the subject of risks and making sure that you reassign it to the insurer. There are several kinds of insurance products in the market today for example property insurance, fire insurance, liability insurance, famous travel insurance, medical insurance, auto insurance, mutual funds, home insurance, health, brokers, banking loans insurance and many others. Continue reading “The Top 10 Insurance Companies in Kenya” »

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