Why Takaful shared a Sh16.5m profit with policy holders

When Takaful Insurance Africa (TIA) gave Sh16.5 million back to policyholders who have not filed a claim between April and December 2011, many thought it was a gimmick.

But when in March this year, more than 400 recipients walked away with a share of the surplus funds – ranging from between Sh1,000 to Sh253,000 per policyholder based on the number and value of their policies, the question then became how exactly this was possible?

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Published in Nairobi Business Monthly, December 2013

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