Jubilee Holdings Limited is an investment holding company. The Company, through its subsidiaries, transacts all classes of general and long term insurance business. The Company's operating segments include Kenya, Uganda, Tanzania, Burundi and Mauritius within which there are three segments classified according to products and services, such as General, including Medical, Ordinary, Group Life & Pensions and Investments. Its classes of General Insurance include Engineering insurance, Fire insurance-domestic risks, Liability insurance and miscellaneous insurance, among others. Medical insurance means the business of affecting and carrying out contracts of insurance against costs of otherwise non-recoverable medical and surgical expenses incurred by a member as a direct result of sustaining accidental bodily injury. Its Ordinary & Group Life includes insurance business of classes, such as life assurance business, superannuation business and business incidental.
The Company has Investments in the energy sector, with its Tsavo Power and Bujagali subsidiaries as well as other infrastructure projects such as Seacom diversfying it's Investments. The Company is eyeing the Ethiopian and DRC market through a strategic Partnership with State-owned insurance company, the National Insurance Corporation (Sonas) to operate in the DRC asa result of high demand for for medical and life cover products in DRC. The Company is focusing on growth through leveraging on Bancassurance and Micro-Insurance. The Company's key Strategic Initiatives for 2016 include include Implementation of new IT Infrastructure and Systems, Innovation of new Products, Improved renewal retention, enhanced product mix and continued development of new agency networks.
