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Company Profile
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.
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.
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.
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 2012.
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 2007. 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.
Products/Services
GeneralInsurance
Loss or damage by theft,fire,lightnings & explosions,accident, and
All
Risks
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.
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.
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.
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.
Products/Services
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.
Get in touch with us
ITEN ROAD, P.O. BOX 7484 - 30100 Eldoret
Tel : +254 53 2063358, Fax : +254 53 2062771
Mobile : +254 770 271 715, Email : [email protected]
BLOCK A, 4TH FLOOR MEGA PLAZA, OGINGA ODINGA RD
Eldoret
P.O. Box 9230 - 40100 Kisumu, Tel : +254 57 2020722 / 2023824
Fax : +254 57 - 2020723, Mobile : +254 770 - 271 738
Email : [email protected]
Kisumu
UMOJA COMPLEX 1st FLOOR, OFF HOSPITAL ROAD
P.O. Box 2546-40200 Kisii, Tel: 058-2030303/4/5
Kisii
Nairobi
Mobile: 0727-581937, Email: [email protected]
GEMINIA INSURANCE PLAZA, KILIMANJARO AVENUE, UPPERHILL
P.O.Box 61316 - 00200, Nairobi, Tel: +254 20 2782000
Fax: +254 20 2782100, Mobile : +254 723 057 249, +254 734 230 ,860, +254 770 258 877
Email : [email protected]
DIAMOND TRUST ARCADE, MOI AVENUE
P.O.BOX 80043 - 80100 Mombasa, Tel : +254 41 2228332 / 2227865
Fax : +254 41 2228168, Mobile : +254 770 271 739
EMAIL : [email protected]
Mombasa