Cic insurance group subsidiaries. Functional organization structure 2.

Cic insurance group subsidiaries Launch of revamped website including regional sites. July 2022; April 2022; CIC Plaza, Mara Road, Upperhill Nairobi, Kenya (+254) 703 099 120 (020) 282 3000 A subsidiary of CIC Insurance Group (PLC), CIC Africa Life Assurance is one of the leading insurance service providers in the region providing insurance and related financial services. CIC Group is a leading cooperative 3. Incorporated in Kenya under the Companies Act, 2015 (Registration Number C. Protect who and what you value Protect & grow what you have. 0. Direct Line Insurance Group plc (the “Company”) together with its subsidiaries (the “Group”) has prepared a Single Solvency and Financial ondition Report (“ SFCR”) as at 31 December 2019, in accordance with permission granted by the information is reported for the Group, UKI and CIC separately except where CIC Insurance Group Plc reported a net profit of Ksh 1. Dr. head of debt reconciliation. He was the CIC Insurance Group CEO from 2011 to 2015. Raymond. CIC Insurance Group Limited is an inter-state investment and insurance firm operating in Kenya, South Sudan, Uganda, and Malawi through a network of subsidiaries spread across the region. Though this was a tough year for many organizations, CIC Group was able to register positive results. As a dedicated member of the co-operative The entity is the flagship company of its immediate parent, CIC Insurance Group Plc, (CIC group or the group) which is a listed entity on the Nairobi Securities Exchange. Liberty Life Assurance Kenya is a life insurance provider that has been providing relevant products to Kenyans for over 50 years. General Insurance Business; Gross Written Premium grew by 21% to Kshs 13. The IFRS 17 standard provides Kenya Subsidiaries. The insurer CIC Insurance Group PLC, a leading insurance and financial services company in Kenya and the region is seeking to engage dynamic, highly driven and result oriented individuals to fill the position of Independent Board Member for its Kenyan Subsidiaries. CIC Insurance Group Limited, commonly referred to as CIC Group, is a Kenyan insurance and investment group that operates mainly in Kenya, Uganda, South Sudan and Malawi. CIC Regional Subsidiaries. Credit Lyonnais Miami Agency. CIC Insurance Group Limited, commonly referred to as CIC Group, is an insurance and investment group that operates mainly in Kenya, Uganda, South Sudan and Malawi Adhere to inter-departmental service level standards in liaison with business leaders across all Group subsidiaries and support the daily branch operations, including sales Report the accident or theft to the Police immediately but not later than 24 hours and obtain a police abstract; Report the accident to CIC immediately through 0703 099 120 or 020 282 3000; Do Not Accept liability in case of an accident; Call AA of Kenya on 020 697 9000 or 0709 933 000 if you need to tow the vehicle from the scene of the accident (for comprehensive insurance only) CIC Insurance Group is leading Micro and Co-operative insurance provider in Kenya with its subsidiaries involved in fund, Reits and Asset Management, general, Health and Group & Individual Life, pension and annuities. The group's headquarters are located in CIC Plaza, Mara Road, Upperhill in Nairobi, K Started as a department of Kenya National Federation of Cooperatives (KNFC) in 1968, the company has since become a leading cooperative enterprise and micro-insurer in Africa, with three subsidiaries in Kenya, namely CIC General The directors submit their report together with the audited financial statements of The CIC Insurance Group Plc (the Company) and its subsidiaries (together “the Group’’ or “CIC Group”) CIC Insurance Group shareholders have approved the creation of three new subsidiaries, including a pharmaceutical company, a micro-insurance arm, and a Ugandan The CIC Group investor relations department, provides investors with accurate accounts of the company's affairs. Kenya; Uganda; Malawi; South Sudan; Home » Blog. Some of the products offered to cooperatives include group life cover, medical insurance, and the Kamati cover for board members. Directors; Management; CIC Plaza, Mara Road, Upperhill Nairobi, Kenya (+254) 703 099 120 (020) 282 3000 CIC Insurance Group Limited, commonly referred to as CIC Group, is an insurance and investment group that operates mainly in Kenya, Uganda, South Sudan and Malawi. The company delivers motor private insurance, motor commercial insurance, home insurance, seniors mediplan, property insurance loan guard, board endowment, employee group life, group credit life, etc. 6. With a total of 3,878 shareholders and a capital base of KShs 2. The role involves providing actuarial analysis for the Subsidiaries to ensure the company is always aware of its financial liability position, risks and market dynamics. Successful implementation of a unified CIC Brand. Not . 8 billion CIC INSURANCE GROUP PLC. Adhere to inter-departmental service level standards in liaison with business leaders across all Group subsidiaries and support the daily branch operations, including sales processing, policy issuance, and claims handling. Wambia J. Digitization 3. 90 MB File Count 1 Create Date April 7, 2022 Last Updated April 7, 2022 CIC Group Plc Audited Financial Statements 2021 Attached Files CIC Insurance Group Limited - Strategic SWOT Analysis Review Published by GlobalData at researchbeam. CIC Insurance Group Limited, commonly referred to as CIC Group, is an insurance and investment group that operates mainly in Kenya, Uganda, South Sudan and Malawi The role involves providing actuarial analysis for the Subsidiaries to ensure the company is always aware of its financial liability position, risks and market dynamics. CIC Plaza, Mara Road, Upperhill Nairobi, Kenya (+254) 703 099 120 (020) 282 3000 The CIC Insurance Group PLC and Its Subsidiaries WHO WE ARE The CIC Insurance Group is a leading Cooperative Insurer in Africa, providing insurance and related financial services in Kenya, Uganda, South Sudan and Malawi. CIC’s regional subsidiaries contributed 11% to the gross written premium of the Group during the period. 2 overall by 2025 1. Our team of qualified portfolio will ensure that you get the most 2020, which disclose the state of affairs of CIC Africa (Uganda) Limited (“the Company”) and its subsidiaries CIC General Insurance (Uganda) Limited and CIC Africa Life Assurance Limited (together “the Group”). Functional organization structure 2. Read our blogs about the different insurance products here. 7 Billion (US$ 78. THAT the incorporation and establishment of CIC Microinsurance Limited as a wholly-owned subsidiary of CIC Insurance Group Plc, having such authorized, issued and paid up capital as the Board may determine from time to time, be and is hereby ratified, confirmed and approved. Operational efficiency 5. As at December 2022, CIC General contributed about 59% and 34% of the group’s premiums and assets respectively. General Insurance Business: Insurance revenue grew by 21% to Kshs 7 Billion in June 2023 from Kshs 6 Billion recorded in 2022, Subsidiaries. 90 MB; File Count 1; Create Date July 6, 2021; Last Updated November 2, 2021; CIC Integrated Financial Report 2019 Attached Files. The Group insurance revenue contributed by the CIC Insurance Group Limited, commonly referred to as CIC Group, is an insurance and investment group that operates mainly in Kenya, Uganda, South Sudan and Malawi Centre Manager, the role holder will provide exceptional customer service in respect to all lines of business for all CIC subsidiaries. As a dedicated member of the co-operative Figure 1: CIC Insurance Group Ltd - Head Office - Country Figure 2: CIC Insurance Group Ltd - Key Subsidiaries Figure 3: CIC Insurance Group Ltd - SWOT Analysis Figure 5: CIC Insurance Group Ltd - Average Share Price Trend Figure 6: CIC Insurance Group Ltd - Profit and Loss Statement Figure 7: CIC Insurance Group Ltd - Balance Sheet Figure 8 Fund Manager. ke/ or call +254 703 099 120. We are here to help you plan a better future. com June is Men’s Mental Health Awareness month, dedicated to raise awareness about the mental health challenges faced by men. In November 2020 CIC Insurance Group crafted a 5 year strategy spanning from 2021-2025. The blue- CIC Plaza, Mara Road, Upperhill Nairobi, Kenya (+254) 703 099 120 (020) 282 3000 CIC Insurance Group is a leading Cooperative Insurer in Africa, providing insurance and related financial services in Kenya, Uganda, South Sudan and Malawi. Acquisitions & Subsidiaries. In 2020, CIC launched a governance and management training program that benefited cooperative leaders. The CIC Group has for more than five decades shouldered the risks of Kenyans by providing flexible insurance and financial services built around their needs. July 2022; April 2022; CIC CIC Insurance Group Plc is pleased to release our 2023 half-year results based on the new IFRS 17 reporting standards. AKI Awards: CIC General – second runners, Insurance Motor Data System Award. CIC Insurance Group listed its shares by introduction at the Nairobi Securities Exchange on Thursday 19th July 2012. The performance of regional subsidiaries continued to improve with a contribution of 10% to the Insurance revenue of the Group during the period. Whether you are a recent graduate or an experienced professional, CIC Insurance Group Plc is hiring in a variety of career tracks and offers a supportive workplace that encourages success. Mutuku – Retired 29 September The CIC Group Strategy: 2021-2025 CIC Group Strategy transformational focus areas Transforming CIC back to No. The group owns six subsidiaries operating in four Download Version Download 1482 File Size 5. CA Indosuez Wealth. Successfully paid the 2014 KShs 5b Corporate Bond upon maturity. 1 billion and Subsidiaries. Kenya; Uganda; Malawi; South Sudan; CIC Integrated Financial Report 2019. Trustee. Entry into Malawi and Uganda markets. Box 34975 Kampala. All regional subsidiaries were profitable, contributing 10% to the consolidated profit before CIC Easy Bima is a monthly motor insurance cover from CIC General Insurance Company. Have · Experience: Schirmer Insurance Group, LLC · Education: Presbyterian College · Location: Charleston The Group insurance revenue contributed by the Kenya subsidiaries recorded a 21% growth in the period. Establishment of Subsidiaries. Notably, CIC Uganda witnessed a 30% growth in insurance revenue, CIC South Sudan recorded a remarkable 70% surge, and CIC Malawi saw a solid 19% increase. ke CICGroupPLC CICGroupPLC CICGroupPLC Notice made EXIT OF CIC INSURANCE GROUP PLC AND ITS KENYAN SUBSIDIARIES STAFF. 00 am when the following two wholly subsidiaries, - Co-optrust Investment Services Limited and Co-operative Consultancy Services Limited, general insurance solutions; brokers / agents portal; claims portal; unit trust portal; search. Performance management & culture 6. CIC Insurance Values : CIC insurance Group is committed to providing excellent service, spur further growth and CIC Plaza, Mara Road, Upperhill Nairobi, Kenya (+254) 703 099 120 (020) 282 3000 CIC Insurance Group Plc is pleased to report a Profit Before Tax of Kshs 2 Billion for the year ended December 2022 compared to the profit before tax of Kshs. The company has maintained a Compounded Annual growth rate of 62% over the last 5 years due to good strategies employed in the Underwriting business. CIC motor private is the right insurance for you. General Insurance Business; Gross Subsidiaries. 1 billion for the year ended December 2022 a rise from Sh668 million the previous year. The cover enables you to pay for your motor vehicle insurance on a monthly basis, easing your financial burden. The CIC Insurance Group PLC and CIC Group is the only co-operative insurance entity listed at the Nairobi Securities Exchange (NSE), serving over a 10 million-member Co-operative Movement in Kenya. Name change to Public Listed Company (PLC) in compliance with the requirements of the Companies Act . Why Easy Bima The Group comprises three subsidiaries namely CIC Life Assurance, CIC General Insurance Ltd, CIC Asset Management Ltd and Takaful Ltd respectively. In a statement, CIC highlighted the positive performance of its regional subsidiaries, which contributed 13% to the group’s insurance revenue during the period. AM Best Assigns Credit Ratings to Chaucer Insurance Company Designated Activity Company; Affirms Credit Ratings of China Reinsurance (Group) Corporation and Its Subsidiaries November 22, 2019 09: In a statement, CIC highlighted the positive performance of its regional subsidiaries, which contributed 13% to the group’s insurance revenue during the period. co. During this month, we aim to create awareness on the struggles that men encounter while CIC Insurance Group Limited, commonly referred to as CIC Group, is a Kenyan insurance and investment group that operates mainly in Kenya, Uganda, South Sudan and Malawi. CIC respects the personal information and data CIC Insurance Group is a leading Cooperative Insurer in Africa, providing insurance and related financial services in Kenya, Uganda, South Sudan and Malawi. It is fully owned by approximately 1,562 cooperative societies and 3,875 individual members. The group also has a regional footprint Opening of CIC Plaza II and Successful Corporate Bond issue (oversubscribed by 111%). Launch Date. All data submitted by you will be held securely, will not be passed to 3rd parties (unless required by law) and will not be held longer than the maximum period allowed by law years after the end of the competition for which your application was processed, without your express agreement Some insurance companies have been able to protect policyholders against financial impacts caused by the pandemic; health insurance, travel insurance, business interruption insurance and life insurance are among some of the insurance policies that may provide relevant protection during this Covid-19 era. By cicvolkan In Blog. Co-op Custodial Services Subsidiaries. The holding Company was incorporated in Malawi on 06th October 2014. 90 MB File Count 1 Create Date April 7, 2022 Last Updated April 7, 2022 CIC Group Plc Audited Financial Statements 2021 Attached Files The Group comprises three subsidiaries namely CIC Life Assurance, CIC General Insurance Ltd, CIC Asset Management Ltd and Takaful Ltd respectively. Business. Kenya; Uganda; Malawi; South Sudan; COVID 19 IMPACT ON THE INSURANCE INDUSTRY IN KENYA. report reply. Why we exist as CIC Insurance Group We operate in Kenya and the region using the co-operative model to ensure that we economically and socially transform our stakeholders by the Innovative Insurance and Asset Management solutions that we offer. CA Indosuez. 0002% PASSED 12 THAT the Company Secretary at CIC Insurance Group Plc and Commissioner for Oaths and Notary Public · Experience: CIC Insurance Group Plc · Education: Dr. Contact us with any questions on Tel: 0703 099 120, SMS: 22471 and Email: callc@cic. Discover our President at Deeley Insurance Group · Forward thinking insurance professional committed to bringing energy, confidence & protection to the people we serve. ke www. CIC Insurance Values: CIC insurance Group is committed to providing excellent service, spur further growth and employees are required to align their behaviour to the CIC Plaza, Mara Road, Upperhill Nairobi, Kenya (+254) 703 099 120 (020) 282 3000 a. NOTICE IS HEREBY GIVEN that the 34th ANNUAL GENERAL MEETING OF CIC INSURANCE GROUP LIMITED will be held at the Amphitheatre at Kenyatta International Conference Centre, Nairobi on Friday 4th May, 2012 at 10. The CIC Group has for five decades shouldered the risks of Kenyans by providing insurance and financial services built around their needs. Including financial & annual reports. Owuor M. O. All data submitted by you will be held securely, will not be passed to 3rd parties (unless required by law) and will not be held longer than the maximum period allowed by law years after the end of the competition for which your application was processed, without your express agreement CIC Life Assurance Limited was incorporated on 29th July 2009 as a wholly-owned subsidiary of CIC Insurance Group Plc in compliance with Insurance Regulatory Authority (IRA) directive of separating business of life and general. As an award-winning insurance group, we pride ourselves in our clarity and availability to further assist. As an organization, we work closely with our stakeholders to realize our CIC Insurance Group is a company providing insurance and related financial services. Principal activities The principal activity of the Group is the transaction of general and life insurance business as defined On behalf of the Board of CIC Insurance Group, I am pleased to present the Annual Report and Financial Statements of the Group for the year ended 31st December 2017. Our Vision Statement To be a world-class provider of insurance and other financial services. Innovative products 7. The role involves providing Prior to joining CIC Group Ltd, he was the Group Finance and Strategy Director- at Cooperative Bank of Kenya Limited. Easy Bima; Motor Private Insurance The Group comprises three subsidiaries namely CIC Life Assurance, CIC General Insurance Ltd, CIC Asset Management Ltd and Takaful Ltd respectively. The study findings revealed that CIC insurance Group ltd faces product design challenges such as failure of the products formed to meet Mara Rd. AKI Awards: Overall Winner 2019 Group Life Company of the Year – AKI Group Life Best Practice . The group also has a regional footprint with a presence in South Sudan, Uganda CIC Insurance Group Limited, commonly referred to as CIC Group, is a Kenyan insurance and investment group that operates mainly in Kenya, Uganda, South Sudan and Malawi. Upper-hill P. 125 Download Version Download 1482 File Size 5. CIC General Insurance Limited and CIC Life Assurance Limited would like to fill the following vacancies; CIC Insurance Group Limited, commonly referred to as CIC Group, is an insurance and investment group that operates mainly in Kenya, Uganda, South Sudan and Malawi Create and design project requirements briefs and provide a delivery plan and creative layout and design for the CIC Group and its subsidiaries; CIC Insurance Group Ltd, History CIC Insurance Group Ltd, Other Locations CIC Insurance Group Ltd, Subsidiaries CIC Insurance Group Ltd, Key Competitors CIC Insurance Group Ltd, Ratios based on current share price CIC Insurance Group Ltd, Annual Ratios CIC Insurance Group Ltd, Annual Ratios (Cont1) CIC Insurance Group Ltd, Interim Ratios underwriting officer at CIC Group Limited in Kenya. Kuria is currently the Chairman of Smep Microfinance, Enwealth Financial Service and African Internal Audit Manager. Nyigei – Group Vice Chairman P. The report sets out how our strategy, governance, performance and prospects have led to the creation of value. Nyaga – Group CEO –Appointed 29 September 2020 G. 6% for the year ended December 2022. CIC introduces Ushirika Gardens and started the sale of its 200 acres of land. CIC Group has a network of branches and operational subsidiaries spread across the 4 countries. and its subsidiaries (together “the Group”) as at 31 December 2019, and of their financial performance and their cash flows for the year then ended in accordance with International The CIC group has for more than three decades shouldered the risks of Malawians by providing flexible Insurance and financial services built around their needs. CIC Africa Life Assurance Ltd is also part of the larger CIC Insurance Group, a leading Cooperative Insurer in Africa, providing insurance and related financial services in Uganda, Kenya, South Sudan, and Malawi. 8 Million) in 2011. How Well Do You Manage Your Finances? Read Article. CIC respects the personal information and data 2 CIC INSURANCE GROUP PLC CIC INSURANCE GROUP PLC AND ITS SUBSIDIARIES CORPORATE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2020 DIRECTORS J. • CIC Group awarded Best Company to Work for Deloitte - 2016. 1 billion, up by 63. As part of our market segments, they continue to support the company in the consumption of our products and services. File Action; CIC Integrated Financial Report 2019. Home » CIC Integrated 3. 11. ㅤ Need personal assistance? Contact Us; ㅤ. PURPOSE: Reporting to the Director Internal Audit, the role is responsible for managing CIC Insurance Group’s General Insurance subsidiary audit by providing independent, objective assurance and consultancy services to improve its overall operations, with specific emphasis on the effectiveness of risk management, control and as a wholly-owned subsidiary of CIC Insurance Group Plc having such authorized, issued and paid up capital as the Board may determine from time to time, be and is hereby ratified, confirmed and approved. High performing sales teams 9 subsidiary of CIC Insurance Group Plc) having such authorized, issued and paid up capital as the Board may determine from time to time, be and is hereby ratified, confirmed and approved 2,000,249,705 99. By cicvolkan February 7, 2022 July 18th, 2022 Blog. Tel: +256 392 175 046, or 0200900100 Email: Started as a department of Kenya National Federation of Cooperatives (KNFC) in 1968, the company has since become a leading cooperative enterprise and micro-insurer in Africa, with three subsidiaries in Kenya, namely CIC General Insurance Ltd, CIC Life Assurance Ltd, and CIC Asset Management Ltd. CIC Group is listed on the Nairobi Securities Exchange (NSE), and has presence in Malawi CIC launches Motoring Assist in conjunction with AA Kenya. CIC Group is the only co-operative insurance entity listed at the Nairobi Securities Exchange (NSE), serving over a 10 million-member Co-operative Movement in Kenya. insurer in Africa incorporated Property and casualty insurance professional with over 37 years in the industry. M. The Leadership Group was engaged by CIC Insurance Group in February 2021 to undertake an evaluation of the board performance of CIC Insurance Group and its subsidiaries to determine the key areas that should be focussed on to ensure that THE CIC INSURANCE GROUP PLC The CIC Group Plc Integrated Report and Financial Statements 2022 contains information on our financial and non-financial performance for the financial year 2022. 9997% 5,300 0. CIC Insurance Group is the third largest insurance company in Kenya with a total premium volume of Kshs. Data analytics 4. Archives. Subsidiaries. CIC Insurance Values: CIC insurance Group is committed to providing excellent service, spur further growth and employees are required to align their behaviour to the following core values as critical to driving their performance; Integrity- Be fair and transparent; Dynamism- Be passionate and innovative; Performance- Be efficient and results driven CIC Insurance Values: CIC insurance Group is committed to providing excellent service, spur further growth and employees are required to align their behaviour to the following core values as critical to driving their performance;· Integrity- Be fair and transparent · Dynamism- Be passionate and innovative · Performance- Be efficient and results driven · Co-operation- County Specialty Provider Physical Location Phone Number; Nairobi County: Audiology services: NAIROBI AUDIOLOGY CENTRE: Landmarc Plaza 1st Floor: 0721-439-581 Thirteen years ago, CIC Insurance Group (CIC) was inexorably on the verge of total collapse. Skip to content Overall insurance revenue grew by 20% compared to restated prior period, with all the Kenya and regional subsidiaries recording growth in insurance revenue. On behalf of the Board of CIC Insurance Group, I am pleased to present the Annual Report and Financial Statements of the Group for the year ended 31st December 2017. The entity is the flagship company of its immediate parent, CIC Insurance Group Plc, (CIC group or the group) which is a listed entity on the Nairobi Securities Exchange. cicinsurancegroup. Some of the best-selling products and services at CIC include Asset Management, Health Insurance, General Insurance, and Life Insurance targeting both local CIC General Insurance Uganda Limited and CIC Africa Life Assurance Limited are subsidiaries of CIC Africa. com [Report Price $125] 21 Pages help@researchbeam. Successful launch of a the CIC Foundation. CIC Uganda insurance revenue grew by 3% while CIC South Sudan grew by 47% and CIC Malawi grew by Getting affordable insurance is one of the most important activities a car owner engages in. The study recommends that CIC insurance Group ltd should develop high quality products to attract clients to insurance and lastly the study recommends that it would be useful to carry out the same type of research in other insurance companies and across East Africa and Realize your potential with CIC Group. Low - Medium. ke. Our purpose at Liberty is to make a difference in people’s lives by making financial freedom possible. Discover more. The Group offers a wide range of products including General Insurance, Life Assurance, Medical Insurance and Asset CIC Insurance Group Plc and its Subsidiary companies. The Group offers a wide range of products including General Insurance, Life Assurance, Medical Insurance and Asset 2 CIC INSURANCE GROUP PLC CIC INSURANCE GROUP PLC AND ITS SUBSIDIARIES CORPORATE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2020 DIRECTORS J. 4 Billion in reported in 2021. CIC The Leadership Group was engaged by CIC Insurance Group in February 2021 to undertake an evaluation of the board performance of CIC Insurance Group and its subsidiaries to determine See insights on CIC Insurance Group including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Our regional businesses are made up of the Group’s subsidiaries in the following countries: South Sudan, Uganda, and Malawi. CIC INSURANCE GROUP PLC iii Opening of CIC Plaza II and Successful Corporate Bond issue (oversubscribed by 111%). i. It ensures one is covered against comprehensive and third party risks. 22/2010) CIC Insurance has a wide range of stakeholders composed of customers, investors, shareholders, employees, regulators, government, suppliers, the media, and community members. CIC Plaza, Mara Road, Upperhill Nairobi, Kenya (+254) 703 099 120 (020) 282 3000 The CIC Insurance Group explains more about why you need CIC products and how to get started below. Kenya; Uganda; Malawi; South Sudan; 2012. View Mary Noel Wanga’s profile on LinkedIn, a professional community of 1 billion members. Before processing the responses, the completed interview guides were edited for completeness and consistency the data was analyzed using content analysis. 12 CIC Plaza, Mara Road, Upperhill Nairobi, Kenya (+254) 703 099 120 (020) 282 3000 CIC Insurance Group will be the data controller of your personal data. For more information on health insurance, visit us on https://cic. sales officers – retail life (alternativel channels) CIC Insurance Group shareholders have approved the creation of three new subsidiaries, including a pharmaceutical company, a micro-insurance arm, and a Ugandan asset management firm as part of a AKI Awards: Overall Winner 2017 Group Life Company of the Year AKI Group Life Best Practice. Kenya Subsidiaries. Mutuku – Retired 29 September CIC Insurance Group PLC remains confident that the Covid –19 mitigation strategies that have been put in place supported by the various transformational initiatives undertaken by the Group and the Subsidiaries, will give business the impetus for sustained growth. Risk Profile. CiC Insurance Group has announced key changes to the Board of Directors which the insurer says is intended to strengthen the overall Governance and Strategic leadership of the The Board of CIC Insurance Group PLC and the subsidiaries are pleased to announce the appointment of Mr Patrick Nyaga as the Group Chief Executive Officer effective from 22nd June 2020. The performance of other regional subsidiaries according to the Group, continued to improve with a contribution of 13 per cent to the insurance revenue of the Group during the period. CIC Insurance Group Plc is pleased to release our 2023 half-year results based on the new IFRS 17 reporting standards. Jun - 11 . Winner – AKI Group Life Company of the Year About CIC Group. Profit Before tax was up by At CIC Cooperatives solutions, let us pull together in the direction of your success. Kenya Commercial Bank. Cost competitiv eness 8. Name change to CIC Insurance Group Limited in preparation for the demerger of our Life and General Business operations. The company could not meet the minimum share capital requirements set by the government regulator. It was duly registered and licensed on 27th November 2012. Magomere – Group Chairman P. The role involves providing actuarial The Group comprises three subsidiaries namely CIC Life Assurance, CIC General Insurance Ltd, CIC Asset Management Ltd and Takaful Ltd respectively. Home » Timeline Stories » 2012. For instance, CIC Seniors Mediplan is a product CIC Insurance Group will be the data controller of your personal data. CIC Insurance Group Rolls Out its Six-year Sustainability Plan 2025-2030 Releases its Inaugural Sustainability Report 2024 Embarks on a sustainability plan driven by four pillars: cicvolkan November 12, 2024 CIC Insurance Group has been responding to the insurance and investment needs remaining true to our mission of enabling people achieve financial security. In November 2020 CIC Insurance Group crafted a CIC Insurance Group Limited, commonly referred to as CIC Group, is an insurance and investment group that operates mainly in Kenya, Uganda, South Sudan and Malawi. Getting health insurance is a great start to keeping you and your loved ones protected. Previous Post How Well Do You Manage Your Finances? CIC Insurance Group PLC, (this includes all its subsidiaries and regional companies in Kenya, Uganda, Malawi and South Sudan) is committed to protecting the fundamental human right to privacy. With over 19,000 shareholders, a capital base of Ksh 2. staff productivity and inefficiency in the development of micro insurance. The CIC Group Strategy: 2021-2025 CIC Group Strategy transformational focus areas Transforming CIC back to No. Kenya; Uganda; Malawi; South Sudan; 2010. CIC Group has three subsidiaries in Kenya namely CIC General Insurance Ltd, CIC Life Assurance Ltd and CIC Asset Management Ltd. High performing sales teams 9 The CIC Insurance Group PLC and Its Subsidiaries WHO WE ARE The CIC Insurance Group is a leading Cooperative Insurer in Africa, providing insurance and related financial services in Kenya, Uganda, South Sudan and Malawi. CIC Insurance Group prides in clarity and availability. ii. Jul 18, 2022. The Group offers a wide range of products including General Insurance, Life Assurance, Medical Insurance and Asset CIC Insurance Group Limited, commonly referred to as CIC Group, is a Kenyan insurance and investment group that operates mainly in Kenya, Uganda, South Sudan and Malawi. CIC Insurance Group Limited, commonly referred to as CIC Group, is an insurance and investment group that operates mainly in Kenya, Uganda, South Sudan and Malawi PURPOSE: The Actuarial Manager role provides support to the Subsidiaries and other support functions in the Group such as Finance and Risk. Thirteen years ago, CIC Insurance Group (CIC) was inexorably on the verge of total collapse. 22 February 2020 22:52. CIC Insurance Group Limited, commonly referred to as CIC Group, is a Kenyan insurance and investment group that operates mainly in Kenya, Uganda, South Sudan and Malawi. pdf — Updated on 2019-11-01 : Download CIC Insurance Group Limited, commonly referred to as CIC Group, is an insurance and investment group that operates mainly in Kenya, Uganda, South Sudan and Malawi The role involves providing actuarial analysis for the Subsidiaries to ensure the company is always aware of its financial liability position, risks and market dynamics. cic. As a business we are committed CIC Plaza, Plot 714B-3K-South, Kololo Mobile: +211 0954 280 280 info@ss. Skip to main content. We offer General Insurance and Life Assurance solutions in these countries. A connector & cultivator of people CIC-Africa Co-operatives Insurance Limited is a holding Company with two subsidiaries, namely; CIC General Insurance Limited and CIC Life Assurance Limited. Custodian. • CIC Life awarded Group Life Home; Individual Solutions. CIC Asset Management Ltd . HEALTH WELLNESS CIC Insurance Group PLC, (this includes all its subsidiaries and regional companies in Kenya, Uganda, Malawi and South Sudan) is committed to protecting the fundamental human right to privacy. (Uganda) Limited which was started in 2015 by a collaboration between the cooperative movement in Uganda (led by UCSCU and UCA) and CIC Insurance Group Plc in Kenya. com +1-971-202-1575 | Toll Free: +1 (800)910-6452 CIC Insurance Group Limited, commonly referred to as CIC Group, is an insurance and investment group that operates mainly in Kenya, Uganda, South Sudan and Malawi. senior manager, underwriting – medical. Feel free to reach out to us with any questions you might have. The and its subsidiaries (together “the Group”) as at 31 December 2019, and of their financial performance and their cash flows for the year then ended in accordance with The CIC Group Strategy: 2021-2025 CIC Group Strategy transformational focus areas Transforming CIC back to No. CIC Uganda In celebration of Valentines, CIC staff visited Chemi Chemi Primary School in Nairobi’s Kibra Subcounty as an opportunity to show care & concern. O Box 44599-00100, Nairobi Kenya Mainline (Switchboard) +254 20 2884000 Mobile: +254 711 056000/+254 732 156000 Customer Contact Centre Tel: +254 20 2884444 Mobile: +254 711 056444/+254 732 156444 CIC GENERAL INSURANCE UGANDA LIMITED COMPANY PROFILE AHA Building Plot 7 Lourdel Road Nakasero P. Babasaheb Ambedkar Marathwada University, Aurangabad · Location: Kenya · 146 connections on LinkedIn. +254 020 282 3000, 0703 099 120 callc@cic. EY have audited the accompanying consolidated and (the Company) and its subsidiaries (together, the Group), which comprise the consolidated and separate statements of financial position as at 31 December 2018, consolidated and separate statements of profit or loss and other comprehensive CIC Plaza, Mara Road, Upperhill Nairobi, Kenya (+254) 703 099 120 (020) 282 3000 CIC Plaza, Mara Road, Upperhill Nairobi, Kenya (+254) 703 099 120 (020) 282 3000 Our regional businesses are made up of the Group’s subsidiaries in the following countries: South Sudan, Uganda, and Malawi. Guided by our values of Dynamism, Integrity, Performance and Cooperation, we endeavor to be in touch with the community within which we operate. The group's headquarters are located in CIC Africa Life Assurance Ltd is a subsidiary of CIC Africa (U) Ltd. CIC Insurance Group Plc is pleased to report a Profit Before Tax of Kshs 2 Billion for the year ended December 2022 compared to the profit before tax of Kshs. CIC has a strategic focus on microinsurance and has a vision of becoming a household name for the CIC Insurance Group Limited, commonly referred to as CIC Group, is an insurance and investment group that operates mainly in Kenya, Uganda, South Sudan and Malawi The Actuarial Manager role provides support to the General Insurance Subsidiaries and other support functions in the Group such as Finance and Risk. CIC Insurance Group has reported a 64 percent growth in net profit to Sh1. 8 Billion in 2022 from Kshs. He previously worked at Barclays Bank now (ABSA) as the Regional Head of Assurance and at KPMG (EA), with the main focus being the audit of financial institutions in Kenya and the region. It offers individual, business, corporates, and cooperatives solutions. Home » Timeline Stories » 2010. The Group comprises three subsidiaries namely CIC Life Assurance, CIC General Insurance Ltd, CIC Asset Management Ltd and Takaful Ltd respectively. uduebu xgcnr bmgdr idlzah jwgpc gnoybe dihfub fvihnk liyv efdvyn