Ocic Group News Today

CIC’s restructuring plan, which started in 2021, was mooted to revert the firm to a strong financial footing after posting a decline in profit in 2019.

It presents an opportunity for underwriters to position themselves as socially responsible leaders.

Insurers' gross premiums from motor underwriting rose by 14.1 percent in 2022 to Sh53.9 billion.

CIC Group has expanded options for the sale of Kiambu land valued at about Sh4.05 billion as it seeks to attract more buyers.

Nearly half of Nairobi Securities Exchange (NSE) listed firms did not pay dividends in the last financial year cycle revealing muted returns for investors in the bourse.

CIC Group, a Buffalo-based boutique commercial insurance consultancy with an office in downtown Rochester, has been acquired by Alterity Group.November 10, 2022

CIC Group is eyeing the captive sacco market with a new cover rolled out exclusively for the movement members.

The service will operate 24 hours a day, 7 days a week to support any customer with a motor comprehensive cover. Customers who have experienced a motor accident will employ the service by sending an emergency response team to the scene of the accident.

Insurer credits growth in investment returns with turnaround. All key revenue lines show marked improvement.