Think Insurance...Think Geminia >> MARINE INSURANCE. Company Profile

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1 Think Insurance...Think Geminia >> LIFE INSURANCE >> MOTOR INSURANCE >> MARINE INSURANCE >> GENERAL INSURANCE Company Profile

2 Introduction About Geminia Geminia Insurance Company Limited is a Kenyans owned composite insurance company dealing in both life and general insurances. As a company with a long-term perspective, it has established a track record in the market in rendering efficient and personalized services to all its clients.

3 A Brief History Geminia Insurance Company Limited came into operation in 1982 and today, it has become a composite insurance company dealing in life and all classes of general insurance with Head Office in Geminia Insurance Plaza,Kilimanjaro Avenue,Upper Hill in Nairobi and Branches in Mombasa, Eldoret, Kisumu & Kisii. As a company with a long term perspective, we have established a track record in the market in rendering efficient and personalized services to all our clients.we have steadily grown over the years and currently have an asset base of over Kshs.1.7 Billion,with Authorized Capital of Kshs.600 Million, and fully paid up Capital of Kshs.450 Million..We have been growing at over 20% since 2009,and closed the year 2010 at Kshs.750 Million. Geminia is committed to understanding the insurance needs of our clients and providing comprehensive risk management solutions. Our philosophy is to provide exemplary and efficient services in insurance business,the accent being on quality and efficiency,with an aim to provide comprehensive insurance packages for the corporate as well as individual customers. We offer our customers professional service,totally committed to customer satisfaction. Geminia is backed by a team of strongly rated re-insurers lead by Africa Reinsurance Corporation,Kenya Reinsurance Corporation,GIC Reinsurance Corporation & East Africa Reinsurance Corporation among others. Our insurance program have been designed by leading international reinsurance brokers. Ksh 1.7 billion We have steadily grown over the years and currently have an asset base of over Kshs.1.7 Billion with Authorized Capital of Kshs.600 Million, and fully paid up Capital of Kshs.450 Million 20% Financial Growth We have been growing at over 20% since 2009,and closed the year 2010 atkshs.750 Million.

4 WHO WE ARE Our Vision To be the most dependable quality service provider in the region Our Mission To committed to understanding the insurance needs of our clients and providing risk management solutions. Our Philosophy The philosophy of the company is to provide exemplary services in insurance business, the accent being on quality and efficiency with an aim to provide comprehensive insurance packages for thecorporate as well as individual customers. Our policy has always been to offer our customers professional service with a professional touch, totally committed to customer satisfaction.

5 Our eighty plus staff and our growing agency force are at the service of our clients. We have grown from 519 million in 2008 to 796 million in 2010 and expected to reach 1Million in 2011 and 1.25 billion in Our investments are in Government securities, bonds with exposure in equity of less than 13%. Asset value of property owned by us in over Kshs 585 Million as per last valuation by C.B Richard. Being a composite insurer, we offer one stop solutions to our customers. Our securities are accepted by major banks and financial institutions. We were awarded the second best insurance company for claim settlement in year We stand by our customers at times of need and believe in ourselves. REINSURANCE Geminia is backed by a team of AAA rated re-insurers lead by Africa Reinsurance Corporation, Kenya Reinsurance Corporation, GIC Re, PTA Re, East Africa Re among others. Our reinsurance programmes have been designed by leading international reinsurance brokers. INDUSTRY RELATIONSHIP We are a member of the Association of Kenya Insurers and participate in the various committees of the association of Kenya Insurers. We also participate fully in the Insurance Institute activities and also other associations in the industry.

6 Products/Services GeneralInsurance All Risks Loss or damage by theft,fire,lightnings & explosions,accident, and other misfortunes,subject to specified exclusions as per policy. Provided the property is within the territorial limits indicated. (Standard limit is Kenya but can be extended to other countries upon request & prior arrangement.) Basis of cover is Indemnity.

7 Products/Services Fire & Allied Perils Loss or damage by fire and lightning, bush fire, earthquake fire and shock, explosion, storm, tempest, all types of water damage including flood, overflowing and/or bursting of water pipes and tanks, all types or impact(aerial, land) riots, strikes malicious damage, subterranean fire and special perils. In order to establish the happening of a fire within the meaning of a policy covering loss or damage by fire,it must be shown that there was combustion or an ignition. However,as long as it can be established that there was a fire, damage directly flowing from that fire would be covered. Thus damage by water used to fight the fire,or damage by smoke,or damage caused in an attempt to salvage property or to prevent further loss would constitute fire damage. The premises should be of first class construction. A hazardous neighboring occupation can necessitate loading of premium to accommodate the extra exposure. There should be Fire Fighting apparatus installed within the premises, to facilitate early extinguishing of fire. The types of apparatus must be most suitable for extinguishing fire (Depending on the type of stock/materials aflame.) A few staffs should be familiar with the operations of the appliances. There should be free access to the apparatus,which should be clearly displayed and marked.

8 Products/Services Geminia Education Policy - Edmaster Is designed to meet specific financial needs for the education of your child. It enables parents to put specific education programme for their children in place. At the death of the parent or Guardian, all the premium payments are waived but the cover continues as planned. Geminia Child Deferred Endowment Assurance This policy is taken on the life of a child anytime before age 14. At age 14, policy converts to an Endowment Assurance Policy with profits. Geminia Joint Life Assurance Plan This policy is taken on the lives of two individuals i.e. husband and wife, brothers, or partners. The sum assured plus all the bonuses accrued is paid at death of the 1st life assured. At the maturity of the policy, the full sum assured plus all the accrued bonuses become payable.

9 Products/Services MotorInsurance What is Motor Insurance? Motor insurance protects you against financial loss in the event that your motor vehicle is involved in an accident, burnt or stolen. It also covers third party liabilities.

10 Products/Services

11 Products/Services What are the Different Types of Motor Insurance? There are three types of insurance policies that can be issued to motor owners: a) Third Party: This type of policy covers third party bodily injury and property damage arising out of use of motor vehicle. This is the most widely known and used policy in Kenya. It is the cheapest policy. b) Third party Fire & Theft cover In addition to the cover in (a) above, the policy extends to cover theft and fire. It is more expensive than Third party. c) Comprehensive cover This is what you may call a full policy. It covers third party liability and property damage, damage arising out of fire, theft and accidental damage to the vehicle. If you borrow money to purchase a motorcar, the lender will usually require comprehensive insurance. Comprehensive doesn t mean that it covers all risks. There are exclusions. Therefore, one needs to study the policy carefully to ensure that it meets his or her requirement.

12 Get in touch with us ITEN ROAD, P.O. BOX Eldoret Tel : , Fax : Mobile : , [email protected] BLOCK A, 4TH FLOOR MEGA PLAZA, OGINGA ODINGA RD P.O. Box Kisumu, Tel : / Fax : , Mobile : [email protected] Kisumu Eldoret UMOJA COMPLEX 1st FLOOR, OFF HOSPITAL ROAD P.O. Box Kisii, Tel: /4/5 Mobile: , [email protected] Kisii Nairobi GEMINIA INSURANCE PLAZA, KILIMANJARO AVENUE, UPPERHILL P.O.Box , Nairobi, Tel: Fax: , Mobile : , ,860, [email protected] Mombasa DIAMOND TRUST ARCADE, MOI AVENUE P.O.BOX Mombasa, Tel : / Fax : , Mobile : [email protected]