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Jubilee Insurance cuts costs to post Sh4 09 billion profit

THE STANDARD 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, attributed to strict control of claims and expenses and a diversified investment portfolio. “The year 2020 evolved into the year of survival and cast a sharp focus on the ability of businesses to withstand the sudden and extreme changes in the business operating environment,” said Jubilee Chairman Nizar Juma following the release of the results yesterday.

Mucheru lauds launch of ultra-modern newsroom

The felling of the various silo walls that kept us so close yet so far apart now takes us to the next phase; the tricky part of weaving the different souls to work in concert, dance to one beat, and focus on riding the next wave into a prosperous future rather than on beating the next competitor, Lyomu said. Robin Sewell, the Standard Group Board chairman said over the decades, The Standard has stood its corner of relevance in an ever-evolving market. It has demonstrated an enduring spirit of dynamism, versatility and agility that has not only enabled it to remain relevant, but also a strong proposition in the marketplace for discerning consumers, he said.

Exposed: Jayesh Saini behind Sputnik Vaccine, NHIF and TSC insurance scandals

Exposed: Jayesh Saini behind Sputnik Vaccine, NHIF and TSC insurance scandals
kenya-today.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kenya-today.com Daily Mail and Mail on Sunday newspapers.

NHIF vs private medical cover: What comes first?

NHIF vs private medical cover: What comes first? Tuesday March 09 2021 By OTIATO GUGUYU Summary President Uhuru Kenyatta is making another attempt to give all Kenyans health cover by 2022 under the UHC but the question of bears  the burden remains. The plan involves requiring every home to pay Sh500 a month to be members of the NHIF while it offers to pay the Sh6,000 annual premiums for one million poor families. This will allow the government to offer a basic package for outpatient and inpatient services covering maternity, dialysis, cancer, surgery among others. Nearly two decades ago, President Mwai Kibaki rejected a Bill by then Health minister Charity Ngiu that proposed a Universal Health Coverage (UHC) that would have seen taxpayers foot an Sh11 billion medical bill yearly.

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