One insurance company in Kenya made a profit four times larger than the combined profit made by top 8 insurance companies in Tanzania.

[Teargas]

Kenya is still miles ahead of Tanzania.
Jubilee insurance ksh4.09B profit
8 top insurance companies in Tanzania Ksh 900M

The Standard - Breaking News, Kenya News, World News and Videos
The Standard - Breaking News, Kenya News, World News and Videos

☰

Jubilee Insurance cuts costs to post Sh4.09 billion profit​

BUSINESS ​

Jubilee Holdings Chairman Juma.[File, Standard]
Listed Insurer Jubilee Holdings has reported a 1.7 per cent rise in profit for the year ended December 2020, weathering economic shocks caused by the Covid-19 pandemic.
The firm made Sh4.087 billion after-tax during the year, up from Sh4.017 billion in 2019,

VS

Insurance profits surge despite Covid-19 fallout​

THURSDAY APRIL 15 2021​

​

Dar es Salaam. The year 2020 was relatively good for insurance firms, with reports showing that a number of them registered a rise in profits despite the Covid-19 pandemic.

The Tanzania Insurance Regulatory Authority (Tira) has a total of 22 firms on its register that deal with general insurance business.

However, a look at the financial statements of eight of the country’s ten largest insurance firms reveals a rise in profitability by Sh2.5 billion.

This represents a 14 percent rise in profits that the firms garnered in 2020 compared to what they recorded in 2019.

Jubilee, AAR, Reliance, Phoenix, Icea Lion, Heritage and Strategis reported a total of Sh19.822 billion in net profits during the 2020 calendar year, up from Sh17.313 billion that the firms made in 2019.

 

[Geza Ulole]

Kenya is still miles ahead of Tanzania.
Jubilee insurance ksh4.09B profit
8 top insurance companies in Tanzania Ksh 900M

The Standard - Breaking News, Kenya News, World News and Videos
The Standard - Breaking News, Kenya News, World News and Videos

☰

Jubilee Insurance cuts costs to post Sh4.09 billion profit​

BUSINESS ​

Jubilee Holdings Chairman Juma.[File, Standard]
Listed Insurer Jubilee Holdings has reported a 1.7 per cent rise in profit for the year ended December 2020, weathering economic shocks caused by the Covid-19 pandemic.
The firm made Sh4.087 billion after-tax during the year, up from Sh4.017 billion in 2019,

VS

Insurance profits surge despite Covid-19 fallout​

THURSDAY APRIL 15 2021​

​

Dar es Salaam. The year 2020 was relatively good for insurance firms, with reports showing that a number of them registered a rise in profits despite the Covid-19 pandemic.

The Tanzania Insurance Regulatory Authority (Tira) has a total of 22 firms on its register that deal with general insurance business.

However, a look at the financial statements of eight of the country’s ten largest insurance firms reveals a rise in profitability by Sh2.5 billion.

This represents a 14 percent rise in profits that the firms garnered in 2020 compared to what they recorded in 2019.

Jubilee, AAR, Reliance, Phoenix, Icea Lion, Heritage and Strategis reported a total of Sh19.822 billion in net profits during the 2020 calendar year, up from Sh17.313 billion that the firms made in 2019.

Jubilee Holdings Limited Stock Ownership

Rank	Name of Owner	Percentage Ownership
1	Aga Khan Fund for Economic Development	37.98
2	Pyrus Investments Limited	9.82
3	Freight Forwarders Kenya Limited	1.95
4	United Housing Estates Limited	1.81
5	Adam’s Brown and Company Limited	1.79
6	Others via the NSE, USE & DSE	46.65
	Total	100.00

 

[Teargas]

Jubilee Holdings Limited Stock Ownership

Rank	Name of Owner	Percentage Ownership
1	Aga Khan Fund for Economic Development	37.98
2	Pyrus Investments Limited	9.82
3	Freight Forwarders Kenya Limited	1.95
4	United Housing Estates Limited	1.81
5	Adam’s Brown and Company Limited	1.79
6	Others via the NSE, USE & DSE	46.65
	Total	100.00

Shidako kingereza huwa inakuchanganya. Article inaongelea insurer (one branch) wewe unaleta the entire organization (whole tree). Ama hujaona hapo Kama imeandikwa Insurer ?

 

[MK254]

Majirani acheni uzembe, hata spika Ndugai amewasuta sana mlivyo majizi.

 

[Bujibuji Simba Nyamaume]

Kenya is still miles ahead of Tanzania.
Jubilee insurance ksh4.09B profit
8 top insurance companies in Tanzania Ksh 900M

The Standard - Breaking News, Kenya News, World News and Videos
The Standard - Breaking News, Kenya News, World News and Videos

☰

Jubilee Insurance cuts costs to post Sh4.09 billion profit​

BUSINESS ​

Jubilee Holdings Chairman Juma.[File, Standard]
Listed Insurer Jubilee Holdings has reported a 1.7 per cent rise in profit for the year ended December 2020, weathering economic shocks caused by the Covid-19 pandemic.
The firm made Sh4.087 billion after-tax during the year, up from Sh4.017 billion in 2019,

VS

Insurance profits surge despite Covid-19 fallout​

THURSDAY APRIL 15 2021​

​

Dar es Salaam. The year 2020 was relatively good for insurance firms, with reports showing that a number of them registered a rise in profits despite the Covid-19 pandemic.

The Tanzania Insurance Regulatory Authority (Tira) has a total of 22 firms on its register that deal with general insurance business.

However, a look at the financial statements of eight of the country’s ten largest insurance firms reveals a rise in profitability by Sh2.5 billion.

This represents a 14 percent rise in profits that the firms garnered in 2020 compared to what they recorded in 2019.

Jubilee, AAR, Reliance, Phoenix, Icea Lion, Heritage and Strategis reported a total of Sh19.822 billion in net profits during the 2020 calendar year, up from Sh17.313 billion that the firms made in 2019.

Yaani tumesema hivi Kenya mshindani wenu ni USA, hivi kwanini mnapenda kujilinganisha na sisi Tanzania?

 

[mwathadan]

And it's the same in every sector of the economy...tanzania ni mtoto kwa kenya

 

[Mkikuyu- Akili timamu]

Soko la Bima Tanzania ni ndogo sana..labda magari binafsi chache tu..Tanzania ni nchi tulivu, hakuna ushetani wa matatu barabarani, hakuna risks of political violence, hakuna misongamano ya majengo ambayo inawaeza Sabaza a moto..Ada za Hospitali ni karibia bure - Hakuna haja ya bima ya afya..

 

[Tony254]

Soko la Bima Tanzania ni ndogo sana..labda magari binafsi chache tu..Tanzania ni nchi tulivu, hakuna ushetani wa matatu barabarani, hakuna risks of political violence, hakuna misongamano ya majengo ambayo inawaeza Sabaza a moto..Ada za Hospitali ni karibia bure - Hakuna haja ya bima ya afya..

Risk ipo wacha uongo. Hakuna nchi ambayo haina risks. Sisi wote tutakufa ndio maana tunachukua life insurance. Tunataka watoto wetu wasome shule nzuri ndio maana tunachukua education insurance. Insurance sio mambo ya health pekee au disaster tu bali hata mambo kama life insurance au education insurance. Pia kuna packages za savings, yaani unasave pesa kidogo kidogo kwa muda fulani kisha wanakupatia pesa nyingi kwa mara moja. Old mutual na UAP wana hizi savings products. Nyinyi hamuelewi mambo ya insurance sana na ndio maana mnaipuuza na kusema kwamba hamuihitaji. Hamujui umuhimu wa insurance. Infact kuna hata holiday insurance, yaani unalipa insurance ikiwa umeenda kutembelea nchi nyingine kisha jambo lolote baya litokee basi unapigia insurance company yako simu na kisha wanakulipia mahitaji yako yote na kukurudisha nyumbani kwenu. Pia ukinunua air ticket una option ya kulipia insurance au la. Ukilipia insurance basi mabegi yako yakipotea kwenye airport basi utalipwa. Yaani insurance is a broad field na sio mambo ya kumitigate risks za kawaida pekee (fire, accidents e.t.c)

 

[NairobiWalker]

I'm waiting for the hares that couldn't reach the grapes to show up.

 

[Naton Jr]

And it's the same in every sector of the economy...tanzania ni mtoto kwa kenya

Kajipange upya

 

[Teargas]

Majirani acheni uzembe, hata spika Ndugai amewasuta sana mlivyo majizi.

Alafu kwa hiyo list ya top 8 AAR ilisitisha operations zao in Tz last week. That just shows how Tanzanian market is very weak.

 

[mjingamimi]

Mleta mada unanufaika vipi na hyo kampuni ya bima?.au ndo mapambio

 

[jehanum]

This page always comparing things with Tanzania, mhhh ni kwann msijadili ishu zenu kila kitu Tanzania that, Tanzania this upuuuusi Halafu ukiona mtu anakutaja saaana ujue anakuonea wivu sehemu, fanyeni yenu shabashh

 

[Teargas]

This page always comparing things with Tanzania, mhhh ni kwann msijadili ishu zenu kila kitu Tanzania that, Tanzania this upuuuusi Halafu ukiona mtu anakutaja saaana ujue anakuonea wivu sehemu, fanyeni yenu shabashh

Tanzania iko na nini ya kuonewa wivu?

 

[jehanum]

Tanzania iko na nini ya kuonewa wivu?

sasa mbona siku iko midomoni mwenu c mjadili mambo yenu, jiran mbofumbofu kabisaa

 

[Tony254]

sasa mbona siku iko midomoni mwenu c mjadili mambo yenu, jiran mbofumbofu kabisaa

Mko mdomoni mwetu kwa sababu nyie ni nchi ya watu wengi, ardhi kubwa, rasilimali kibao lakini pia mnaongoza kwa umasikini. Kinaya hiki kinatushangaza.

 

[jehanum]

umaskini kwa kipimo laba tuanzie hapoo

 

[Richard spencer]

Faida kubwa sababu mnakamuliwa sana. Hata gharama za mawasiliano Kenya zipo juu sana, sasa kwanini kampuni zisipate faida kubwa kama mnalipia kwa gharama kubwa. Pamoja na yote sekta ya bima kwa Tanzania bado changa, watu wengi wanatumia wanapolazimishwa na sheria.

 

[Teargas]

Faida kubwa sababu mnakamuliwa sana. Hata gharama za mawasiliano Kenya zipo juu sana, sasa kwanini kampuni zisipate faida kubwa kama mnalipia kwa gharama kubwa. Pamoja na yote sekta ya bima kwa Tanzania bado changa, watu wengi wanatumia wanapolazimishwa na sheria.

Sorry, we are not LDC like you so don't expect commodity and services prices in Kenya to be low like in the case of Somalia, Tanzania, Uganda, Ethiopia, Rwanda, Burundi which are all in the group of LDC. Do you know how much a 350ml bottle of coca cola cost in USA? Compare it with any African nation and you will get what I'm trying to talk about.

 

[nomasana]

This page always comparing things with Tanzania, mhhh ni kwann msijadili ishu zenu kila kitu Tanzania that, Tanzania this upuuuusi Halafu ukiona mtu anakutaja saaana ujue anakuonea wivu sehemu, fanyeni yenu shabashh

shiiit....Tell that to geza and his fan club