Despite an increase in premiums and related revenues, the net results of CIC Insurance Group for 2016 would probably be in decline of nearly 25% in comparison with 2015.
Following this news, the share price of the insurer dwindled down at 3.15 KES (0.03 USD), the lowest level in three years. This setback is accounted for by the value decrease of the CIC Insurance’ investment portfolio.
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[3] https://www.atlas-mag.net/en/issue/stability-versus-profitability-the-hard-equation-of-emerging-insurance-markets
[4] http://www.atlas-mag.net/en/category/regions-geographiques/afrique