#cic group

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CIC Insurance Group records 209% growth in profit before tax to Kshs 2.5 Billion in FY 2023

CIC Insurance Group Plc is pleased to report a Profit Before Tax of Kshs 2.5 Billion for the year ended December 2023 compared to the restated Profit before tax of Kshs 823 Million recorded in 2022 representing a 209% growth. The strong performance was largely attributed to the growth in insurance revenue and improved investment income during the year.  The business maintained a growth…

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CIC Group to invest in Technological Upgrades as it unveils a Digital-based Monthly Motor Cover

CIC Insurance Group Plc has today affirmed its commitment to enhance its customer service delivery capabilities by continuously investing in digital technological upgrades. Part of this investment has gone towards the launch of a digital monthly motor insurance cover dubbed “EasyBima”, where customers will seamlessly purchase or renew their motor insurance cover remotely via the CIC web…

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CIC Insurance Group Plc supports needy students with Kshs. 5 million worth of scholarships

CIC Insurance Group has announced its commitment to continue supporting needy and underprivileged students with a cooperative background to pursue their career dreams through access to quality education. The insurance company has committed Kshs. 5 million shillings to help 88 children pursue secondary education this year. Speaking at a cheque handover event at Alliance High School, the Managing…

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CIC Group Joins Global Companies in Adopting Sustainable Business Practices

CIC Group has today subscribed to the United Nations Global Compact (UNGC) affirming its commitment to adopting ethical and responsible business practices in its day-to-day operations, and organizational culture. By joining this network, CIC joins other global leaders in actively contributing to the achievement of the United Nations Sustainable Development Goals (SDGs). Speaking during the…

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CIC Group hosts capacity building forum for Co-operative society CEOs

CIC Group hosted over 200 co-operative CEOs during a three-day forum where they benefited from a blended business and strategic management capacity building program. The program was aimed at increasing the growth and competitiveness of co-operatives and co-operative enterprises in the country. In the past year, CIC has conducted 25 trainings, both physical and virtual, helping to improve tactics…

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CIC Group affirms its commitment to the cooperative movement with capacity building drive

More than 200 co-operative CEOs have benefited from CIC Group’s blended business and strategic management capacity building program that aimed at increasing the growth and competitiveness of co-operatives and co-operative enterprises in the country. Speaking during the kick-off of the three-day annual Cooperatives CEO Forum in Naivasha, CIC Group Chief Executive Officer Patrick Nyaga has said…

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CIC urges Kenyans to invest in last expense covers to cushion from financial instability

CIC urges Kenyans to invest in last expense covers to cushion from financial instability

Kenyans have been urged to take advantage of the affordable and customized last expense covers in the market as a means of reducing the financial burden associated with the loss of a loved one. CIC Life Managing Director Mr. Meshack Miyogo said that a good last expense cover can contribute a minimum of Kenya Shillings 100,000 towards funeral expenses – lessening the emotional and physiological…

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HEALTHCARE AFTER RETIREMENT

By Joseph Kamiri The emergence of Covid-19 pandemic and its effects has had adverse effects on households and businesses worldwide. In Kenya, the cooperative movement has experienced the pressure arising from the effects of the disease evidenced by a reduction in business activities due to government restrictions, as well as job losses in cooperative entities extending to the supply chain. In…

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