company profile copy · 2018. 3. 1. · 1 metropolit an cannon corpor ate profile 2016. about...
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Cannon
CO M PA N Y PROFILE
ME TR OPOL IT AN C ANNON CORPOR ATE PR OFILE 2016
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Our vision
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OUR CLINETS
SERVICE LEVELS
CLAIMS PAYMENTS
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CONTENT
OUR HISTORY
Metropolitan Life Kenya has been
operating since 2007, offering primarily life
insurance solutions to retail and corporate
clients. In 2013, the company held a solid
position in the market place and managed to
increasemarket.
Established in 1964, Cannon Assurance has a
wide footprint in Kenya with 5 regional offices
across the country, offering comprehensive
suite of insurance products and asset
management solutions. Following the
acquisition of a majority stake in Cannon
Assuranceby MMI
Holdings, Metropolitan Life Kenya
successfully merged with Cannon at the
beginning of 2015.
Following the merger, Metropolitan Life
Kenyaand Cannon Assurance consolidated their
life insurance licenses into one, and retained a
stand-alone short-term insurance license.
Metropolitan Cannon is part of the MMI
Group Limited, an authorized financial
services provider.
ME TR OPOL IT AN C ANNON CORPOR ATE PR OFILE 20161
About M M I Holdings Limited (MMI)
MMIHoldingsLimited (MMI) isaSouthAfrican based
financial services group listed on the South African
stockexchange,the JSE.
MMI was formed on 1 December 2010 from the
merger of Metropolitan Holdings and the
Momentum Group, both sizable insurance-based
financialservicesplayersinSouthAfrica.
Themergedgroup now hasa market capitalisationof
R48 billion and an embedded value of some R40
billion (asat June2015).
We operate in 18 countries across the globe:
13 in Africa, Hong Kong, Singapore, United Kingdom,
Indonesia and India through a direct presence,
strategicpartnershipsandjoint ventures.
ABOUT US
ME TR OPOL IT AN C ANNON CORPOR ATE PR OFILE 20162
M M I at a Glance
WHOWE ARE
Our Vision
Where we areheaded
To be the preferred lifetime financial wellness
partner, with a reputation for innovation and
trustworthiness.
Our Purpose
Why weexist
To enhance the lifetime financial wellness of people,
their communities andtheir businesses.
ME TR OPOL IT AN C ANNON CORPOR ATE PR OFILE 2016
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AccountabilityWe show accountability in ourwillingness to take ownership for ourroles, responsibility for our actions and our obligations to all stakeholders.
our organization weDiversity Throughout embrace and promote diversity,together with the many talents andskills our employees bring fromdifferent backgrounds andperspectives.
ExcellenceWe strive for excellence in everything we do, by delivering the highest standard ofproducts, service and performance to allstakeholders.
InnovationWe thrive on innovation bychallenging ourselves to find bettersolutions, continuously improving ourprocessesandgrowing our people.
IntegrityWe uphold integrity in living up to what we say, doing the right thing, being
people withhonest and treating respect.
OURVALUES
TeamworkThrough teamwork, we support eachother by listening, collaborating,encouraging and respecting each other inour quest to achieve mutually beneficialresults.
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LucreziaMidegaPrincipal Officer : CannonAssuranceLimited
Academic qualifications:
BCom (Hons), ACII
Experience:
Lucrezia Midega has over 30 years’ experience in the insurance industry cutting across underwriting, marketing
and operational departments. She has held senior management roles in the course of her career rising to the
position of Principal Officer.
James O. OyugiPrincipal Officer: Metropolitan Cannon Life
Academic qualifications
MBA ( Strategic Management ), ACII, AIIK
Experience:
James Oyugi is a seasoned insurer and successful marketer with vast experience in the insurance industry
spanning over 22 years. Having worked in various insurance companies and brokerage, James has experience in
Management, life and Pension andestablishmentof new ventures.
OUR LEADERSHIP
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1. Ms. Aida Kimemia –Appointed 23 May 2017 – Chairperson
2. Mr. Inderjit Amarnath Gianchand Talwar
3. Mr. Desterio Oyatsi (K)
4. Mr. Vishisht Talwar (British)
5. Mr. Nickson Rudston (SA)
6. Mr. Vijay Gidoomal (British
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Our Board of Directors
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Management Team
Eunice Ngano Business Development Manager
Benjamin Gitau Senior Underwriting Manager
Mercy Andaro Claims Manager
Evelyn Olalo Head of Human Resources
Joseph Muthama Finance Manager -General Business
Edith Muchiri Finance Manager – Life Business
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Management Team
Phanice Dabani Actuarial Manager
Samuel Kiunga Risk Manager
Francis Kitulu Administration Manager
Eric Njagi Branch Manager – CBD Branch
George Karugu Branch Manager - Mombasa
Edwin Ahenda Branch Manager - Kisumu
S H O RT - T E R M OFFERINGS
Retail
Motor, Golfers,Home/Household Insurance(Domestic
Package), Personal Accident
Commercial, Institutional and Corporate
Fire and Perils, Engineering (CAR), Bonds , Burglary,
Business Interruptions, WIBA & Employers Liability (EL),
Political Violence and Terrorism (PVT), Money Insurance,,
Marine, All Risks, Directors and Officers Liability, Goods in
Transit, Plate Glass, Professional Indemnity, Public Liability
L O NG - TERM OFFERINGS
Life Offerings
Group Life
Last expense / Funeral
Credit Life
WIBA
OUR SOLUTIONS
ME TR OPOL IT AN C ANNON CORPOR ATE PR OFILE 2016
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WHERE WE ARE
Nairobi
ME TR OPOL IT AN C ANNON CORPOR ATE PR OFILE 2016
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Kisumu
Mombasa
OUR REINSURERS
ME TR OPOL IT AN C ANNON CORPOR ATE PR OFILE 2016
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LONG –TERM ASSURANCE BUSINESS
Kenya Re Africa Re P.T.A Re E.A Re -
-
Life % Ceded 50.0% 20.0% 15.0% 15.0% = -
GENERAL BUSINESS Africa Re Kenya Re P.T.A Re E.A Re Continental Re Tan Re
G.B % Ceded 35% 20% 20% 15% 5% 5%
Compulsory Cessions
18.0% 5.00% 10.0% - -
KEY CORPORATE PARTNERS
ME TR OPOL IT AN C ANNON CORPOR ATE PR OFILE 2016
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CATEGORY OF CORPORATE PARTNER
NAMES
BANKERS CBA Ltd
Barclays
Standard Charter Bank
Co-op Bank
National Bank
Stanbic Bank
ACTUARIES Zamara Financial Services
AUDITORS PricewaterhouseCoopers
PAST AND PRESENT MAJOR CORPORATE CLIENTS
ME TR OPOL IT AN C ANNON CORPOR ATE PR OFILE 2016
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ME TR OPOL IT AN C ANNON CORPOR ATE PR OFILE 2016
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PAST AND PRESENT MAJOR CORPORATE CLIENTS
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Laptrust House, 5th Floor Haile Selassie Avenue
P.O. Box 30216-00100 Nairobi
Tel: +254 20 342150 Safaricom: +254 728 606560
Taj Towers, 6th Floor Upperhill Road, Upperhill
P.O. Box 30216-00100 Nairobi
Tel: +254 20 3966000 Safaricom: +254 701 640007
Kisumu NakumattMegacity,
Ground Floor
P.O. Box 30216-00100
Nairobi Tel: 0772855146/0773158377
Mombasa
Metropolitan Cannon House,
Ground Floor, Moi Avenue
P.O. Box 88216-80100
TEL: 041-2225165, 041-2225165
Head Office
Gateway Business Park, Block D, Mombasa Road
P.O. Box 46783 – 00100 Nairobi,
Tel: +254 20 3966000,
Safaricom: +254 724 259847
Airtel: +254 734 243124
ME TR OPOL IT AN C ANNON CORPOR ATE PR OF I LE 2 01621
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