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Reliance
Insurance is one of the leading non-life insurers
in operation since October 1998.Company’sGWP(GrossWrittenPremium)
has grown steadily at an average rate of 25% and
in 2005 posted a GWP of T.Shs. 5.8billion . Reliance
offers wide range of insurance covers for assets
both fixed and movable as well as against potential
legal liabilities. More |
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Our
reinsurance programs are led by GIC Re of India
. The other reinsurers are
Tan Re, PTA Re, East Africa Re and
Africa Re. More |
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Business
Performance Highlights
(
T.shillings
in Millian) |
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2005 |
2004 |
2003 |
2002 |
Gross
written
Premium |
5,853
|
4,670
|
3,899 |
3,612
|
Net
written
Premium |
2,951
|
2,361
|
2,224
|
2,411
|
Underwriting
profit |
113 |
69 |
(55) |
(24) |
Net
Profit
Before Tax |
383 |
199 |
82 |
66 |
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The
principle purpose of a company is not to make profit, full
stop. It is to make profit in order to continue to do things
or make things, and to do so even better and more abundantly.
To say that ‘profit is a means to another end and not
an end in itself’ is not a semantic quibble; it is a
serious moral point- Charles Handy |
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| ©
2007 Reliance
Insurance Company (T) Limited. All
Rights Reserved. |
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