Insurance - Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya

FOPPS Sacco, Co-operative Bank partner on Last Expense Policy Cover

Sacco Review7 hours ago6 hours ago05 mins

Former Public and Private Sector Cooperative Society (FOPPS) Sacco have entered into a contract with Cooperative Bank as the Last Expense Cover for its members. In a speech during the FOPPS Sacco Annual General Meeting at ACK Guest House in Amagoro, Busia County, National Chairman and founder Ben Akwara said the Last Expense Policy Cover…

Jubilee Insurance raises shareholder payouts after stronger profit

Sacco Review2 weeks ago02 mins

Jubilee Health Insurance posted a net profit of KSh438.6 million for the Financial Year ended December 2023 representing a 29 per cent increase from the KSh339.1 million recorded in 2022. The insurer’s Chief Operating Officer Njeri Jomo, said the organization realised a three-fold increase in cash flows generated from operations. She added, “As a company…

Compensation agency disburses Ksh93M for unpaid insurance claims

Sacco Review5 months ago5 months ago03 mins

The Policyholders Compensation Fund (PCF) has disbursed Ksh93.18 million in claims to 778 policyholders of three collapsed insurance firms dating back to June 30, 2023, the Fund’s Independent Trustee Deberious Sikuku has said. Speaking during a 5-day sensitization campaign in Kisumu, Sikuku noted that the beneficiaries include 724 former clients of Resolution Insurance Company who…

Saccos eye a slice of lucrative insurance market

Sacco Review2 years ago9 months ago08 mins

By Our Reporter Saccos are now scrambling into offering insurance cover for their members to earn commission as a key source of income to improve their much-needed balance sheet. While some societies have formed subsidiaries to execute the business, others have identified agencies to transact the business on their behalf. Medical cover for members…