CIC Insurance Group PLC 2020 Integrated Report
The report highlights CIC Insurance Group's performance and strategic initiatives during the challenging year of 2020, marked by the COVID-19 pandemic. Despite a tough operating environment, the Group's total assets grew by 10% to KShs 38.8 billion, although gross written premiums declined by 4% to KShs 16.98 billion, resulting in a loss before tax of KShs 80 million. The company launched its new 2021–2025 strategic plan focused on digitization, operational efficiency, and co-operative market penetration. Additionally, the Group continued its commitment to social responsibility through the CIC Foundation, supporting education for needy students and contributing to COVID-19 relief efforts.
Company: CIC Insurance Group PLC
Sector: Finance & insurance
Country: Kenya
Year: 2020
Type: Integrated Report
Pages: 236
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CIC Insurance Group PLC
Integrated Financial Report
The report highlights CIC Insurance Group's performance and strategic initiatives during the challenging year of 2020, marked by the COVID-19 pandemic. Despite a tough operating environment, the Group's total assets grew by 10% to KShs 38.8 billion, although gross written premiums declined by 4% to KShs 16.98 billion, resulting in a loss before tax of KShs 80 million. The company launched its new 2021–2025 strategic plan focused on digitization, operational efficiency, and co-operative market penetration. Additionally, the Group continued its commitment to social responsibility through the CIC Foundation, supporting education for needy students and contributing to COVID-19 relief efforts.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees