Ratio Magazine :: The Inside Track to East Africa’s Economies - Kenya: Press Releases: CIC Insurance Group scoops seven awards

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Kenya: Press Releases: CIC Insurance Group scoops seven awards

Monday, 25 July 2011

Nairobi, 22 July 2011 --- CIC Insurance Group has scooped seven awards in the
just concluded annual Think Business Insurance Awards 2011. The Insurance
Awards showcased top class performance and innovation. The awards, audited
by PKF Eastern Africa; Accountants & Business Advisers, seek to structure and
rationalize businesses in Kenya.

CIC Insurance Group, the leading co-operative insurer in the African region, won
the awards for Best Training Initiative, Best Marketing Initiative, Best Composite
Insurance Company 1st Runner-up, Best General Business Company 2nd Runner-
up, Best Company in ICT 2nd Runner-up, Best Customer Service Innovation 2nd
Runner-up and Best Company in Claims Settlement (Life) 2nd Runner-up of the
year.

The recognition goes to underline the company’s clout in the insurance industry,
its resolve to empower employees, drive its products uptake and its use of
technological innovation in service delivery.

CIC Insurance Group has an internal training programme to continuously build
employee capacities: “CIC Insurance Group is registered with Directorate of
Industrial Training as an employer to facilitate refund for approved training with the
registered trainers; we are also considerate of employees who want pursue further
studies such as MBAs,” said Nelson Kuria, the Chief Executive Officer CIC Insurance
Group.

The Insurance Awards showcased top class performance and innovation, they
rewarded achievement and the organizers hope to raise standards in the industry.
Among other categories, the awards honored top performers in Life Insurance,
General Insurance, Composite Underwriter of the Year, The ICT Award and many
other specialized areas.

Ochieng Oloo, Chief Executive Think Business, said the parameters used in the
awards were meant to chart a direction for the industry’s growth. “Over the last
one year pretax profits of the insurance industry have grown by 52%; we anticipate
more growth next year,” said Oloo.

The awards are won on a combination of merits, including financial soundness,
opinion polls, market research and professional assessments.

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