Unicorp Insurance Information Institute - UI³

11/03/2024

In my many years on this earth, and especially after these past few, I have learned that we will go, when it’s our time no matter the struggle. No one can stop it. The material things we invest in are left behind. Memories therefore, are important to me. And so, I'm going to start a "Reunion of Friends". The idea is to see who reads a post without a picture. If no one reads my post, this will be a very short experiment. But if you are reading this message, make a comment using a single word about how we met. After that copy this message on your wall and I will also leave you a word. Please, don't leave a word and then not bother doing the second thing. Let’s go!! And kindly follow instructions.... I appreciate the "likes" but the one word is what counts in this matter🙏

21/09/2023

It's important that the State Corporations Advisory Committee (SCAC) weighs in on the squabbles between Kenyatta University and Kenyatta University Teaching, Training & Referral Hospital (KUTTRH). When a Government Institution gives birth to New Organization what happens? What does the SCAC Act (Cap.446) say?
Is it personality rivalry at play or siblings rivalry? Why should Innocent Medical Students and Staff at these Premier Institutions be used as punching bags and pawns where there's no cause for conflict? H.E. President Dr. William Ruto should weigh in to avert the unnecessary conflicts here. Prof. Wainaina should focus on Education and give the Country a break and let Prof. Olive Mugenda space to work! The Law is clear and the AG Justice Muturi, Cabinet Secretaries for Education, the National Treasury and Health know this. Kenyans have Your say.....

The differences between KU VC Paul Wainaina and KUTRRH Board Chairperson Olive Mugenda played out when they appeared before a parliamentary committee.

29/08/2022

What are some of the Tips to Consider while Buying an Insurance Cover?: ... https://youtu.be/Uvz30ldzT5U via Medicalinsurance Financial Times Vehicle Insurance

Unicorp Insurance Information Institute: UI³What are some of the Tips to Consider while Buying an Insurance Cover?: Part2:Insurance has a critical role to pl...

04/08/2022

What are some of the Tips to consider while buying an Insurance Cover (Part 1): Unicorp Insurance Information Institute: UI³

https://youtu.be/HhKavRh1Nbo

Insurance has a critical role to play in the development and economy of a Nation. Such key role include - to pay some money; to make some repairs; to replace a destroyed or stolen property or to replace to some degree, lost incomes following the death of a policyholder.

There are two types of Insurance - General and Life Insurances.
General Insurance: pays money; and replace lost or destroyed property as a result of misfortunes - fire, strike, storm, pests, drought, flood, theft and the like.
Life Insurance: Pays the policyholder if he survives the policy period or his dependents in the event of his untimely death or disability.

Tips to help you select the Right Insurance Product:
The Problem many people face when seeking to buy insurance is deciding which policy(s) to buy now!

Tips that may help you select the right insurance product for your needs are:-

1. If you own a Motor Vehicle or you are an Employer, always ensure that you buy the Compulsory Motor Vehicle Third Party Insurance and Workers Injury Benefit Insurance.

2. Plan to have a Life Policy which will pay some money to your dependents in the event of your untimely death. This will assist the family in settling down as they cope with the reality of the loss.

3. Take Insurance for your Treasured Possessions such as business, home, crops or livestock because their loss will cause you financial loss that may be quite difficult to cope with, at times even changing completely the lifestyle of your family.

4. It is advisable to arrange for Health Insurance for yourself and family because sickness comes suddenly when money is not available. You may not even have no time for raising that money.

5. Education is increasingly becoming more expensive. The future belongs to the educated and everybody would like their children to have the best education. It's not always possible to have enough money to pay School Fees as well meet other competing needs of life.
An Education Policy can take care of this by allowing you to pay small regular amounts from the time the children are born or when still young.

6. We are all growing old day by day. People are also more likely to live longer after retirement, thanks to Medical Advancement. That time you will not be able work due to old age yet you still have needs to meet. It is, therefore, advisable to arrange for income to rely on during these times.
Life Policies, Investment Plans, Pension Plans, Annuities, and Deposit Administration Schemes are best suited to meet old age needs.

7. Medical Insurance Policies:
Illness is a risk we live with right from birth to death. It is important to plan for illness in order not to be caught unawares should it strike. Illness can at times be critical e.g. stroke or heart attack.
Medical Insurance Policies take care of hospital expenses incurred as a result of illness.

8. Personal Accident Policies:
We are always exposed to accidents either falling off, getting mugged or hit by a vehicle or any object. Personal Accident Policies pay a given sum of money to the policyholder or his/ her beneficiaries following an accident that often results in injury, disability or death.

In order to buy Valid Insurance, always ensure that the Insurance Agents you are dealing with are licensed by the Insurance Regulatory Authority (IRA).
Deal with an Insurance Company with an Office near you – to save a lot of time when you require their services.

NOTE: Unicorp (UI³) is dedicated to partner with players/ actors and IRA in educating the public on the value of insurance through our designated social media platforms - Twitter, YouTube, Facebook, Instagram, Linkedin etc. Let's campaign among the Public to increase Insurance uptake!
Also note that IRA equally provides information and reading materials through her website and offices, in braille form among other forms.
Please raise any issues regarding insurance with us using contacts and social media platforms availed here by Subscribing, Commenting and Following us on Our YouTube Channel, Twitter, Facebook, Linkedin, Instagram etc.
Please contact us through:-

Twitter:






Instagram: https://www.instagram.com/unicorpinsure/
Instagram: https://www.instagram.com/kokonyap/
Linkedin: https://www.linkedin.com/in/patrickokonya/

Email: [email protected]
: [email protected]
: [email protected]
: [email protected]
Skype: kokonyap

Yours Truly,

H.E. Patrick O. Kokonya
Unicorp Insurance Information Institute
{Unicorp Capital Insurance Agency}
Public Policy & Administration Analyst/ National RRI Coach
{President, Unicorp Capital Group}

Unicorp Insurance Information Institute: UI³What are some of the Tips to Consider while Buying an Insurance Cover: Part1:Insurance has a critical role to pl...

02/08/2022

Who Are Players in the Insurance Market in Kenya?

Understanding the Insurance Market:
In today's Session, WE would like to help you understand the insurance market by providing you with information on how it is structured and operates.
To simplify this conversation, we will use, the term INSURER(S) to refer to Insurance Company or Companies.

Insurance Products:
Products sold by insurers are divided into two main categories:-

1. Short Term or General Insurance Products provide protection for one year and below… i.e. Medical, Funeral and Motor Insurance.
2. Long Term or Life Insurance Products provide protection for more than one year… i.e. Whole Life Assurance, Annuities and Endowment Insurance.

3 Main Categories of Buyers of Insurance:

1. Individual Clients - include you and me.
2. Corporate Clients - Registered Companies and the Government.
3. The Foreign Clients – Buy Kenyan Insurance Services by buying cover from Kenyan insurers.

Insurance Companies:
Main role of insurance companies - Take away RISKS or fears from you and promise to pay you for any losses or damage that may affect your property or life.
There are 49 Registered Insurance Companies in Kenya - Those that sell a) General Insurance,
b) Life Insurance or
c) Composite Insurers who sell both Life and General Insurance.

Products offered by insurance companies are generally the same; however, each company has a set of value added services for consumers.
Always get advice before buying a Policy to enable you buy one that will meet your needs.

Reinsurance Companies:
The way you are afraid of losses arising and adversely affecting your daily life, possessions or business, is the same way insurers fear receiving claims that they may not be able to pay alone.
 They also buy insurance protection, from REINSURERS.

Three Locally incorporated reinsurers in Kenya:-
1. Kenya Reinsurance Corporation,
2. East Africa Reinsurance Company and
3. Continental Reinsurance.

Two Regional Reinsurers –
1. Africa Reinsurance Corporation; and
2. PTA Reinsurance (Zep Re).

Insurance Intermediaries:
Ordinarily, insurance companies do not sell their products directly to consumers but trough intermediaries like – Insurance Agents, Insurance Brokers and Medical Insurance Providers.
 The INTERMEDIARIES are termed as such because they do not have products of their own to sell but only sell products of and on behalf of insurance companies.
 All intermediaries must be registered by Insurance Regulatory Authority (IRA) and are issued with licenses every year.

 The difference between agents and brokers - Agents only sell products of insurers they are authorized to represent, while Brokers are professionals who offer professional advice on insurance to their clients.
 The Medical Insurance Providers (MIP) – are Brokers specializing in Medical Insurance Business

Other Insurance Players in the Market:
 Loss Adjusters: Are specialized in adjusting loss amounts on behalf of insurers
 Insurance Surveyors: Are appointed by insurers to survey, mostly properties to be insured against fire in order to advise insurers about the exact risk characteristics. This helps insurers to underwrite the risks appropriately
 Motor Assessors: Like surveyors, they are appointed by insurers to assess your motor vehicle before the insurer can underwrite and insure it.
 Risk Managers: Are appointed by insurers to provide advice on loss prevention mechanisms. Their advice enables insurers to set terms conditions and warranties in the policy that must be observed by the insured to minimize loss.
 Insurance Investigators: Investigate losses on behalf of insurers after they have occurred.

In Conclusion:
 Knowledge of the insurance market is very important for you. Many policyholders do not know whom their insurers are.
 Some insurance agents and brokers often refer to themselves as insurance companies.
 Brokers and medical insurance providers - only sell products belonging to insurers and are not directly responsible for paying your claims.
 Ask an agent which insurance companies they represent.
 Brokers and medical insurance providers must also tell you where they have placed your Business.

Contact us:-
Twitter:






Instagram: https://www.instagram.com/kokonyap/
Linkedin: https://www.linkedin.com/in/patrickok...
Email: [email protected]
Email: [email protected]
Email: [email protected]
Email: [email protected]
Skype: kokonyap

Yours Truly,

H.E. Patrick O. Kokonya
Unicorp Insurance Information Institute {Unicorp Capital Insurance}
Public Policy & Administration Analyst/ National RRI Coach/

Unicorp Insurance Information Institute: UI³Who Are Players in the Insurance Market in Kenya: Understanding the Insurance Market:In today's Session, WE would...

01/08/2022

Why Insurance Cover is a Necessity for All – 1st July, 2022:
Unicorp Insurance Information Institute: UI³

It is important to note that ‘Insurance Cover is a Necessity for All’, but the Big Questions are - Do you have an insurance cover? Have you ever wondered whether it is a necessity? And if so, do you understand what you are covered for? Do you understand what insurance is?

As an optimist, the response will be in affirmation - Yes, you need an insurance cover; You need to know and understand what it is that you are covered for; and there is need for you to understand the needs and benefits of insurance so as to make an informed decision and purchase a cover.

The Operations of Insurance: Insurance operates on the basis that losses and misfortunes can occur anytime; It is informed by wisdom - it is better to plan for a rainy day and reduce the impact of a loss, should it occur; Some religious teachings underscore the importance of insurance as a financial planning mitigation tool; African traditional also recognize insurance as pooling resources to help those in need.

No one is ever prepared – therefore, there is need for insurance since misfortunes occur without warning i.e. fires, sicknesses, motor accidents and death – with financial consequences. Normally, people resort to fundraisers or borrow money from friends and relatives who unfortunately may be lacking and not able to help.
In extreme cases, families dispose off assets cheaply because of the emergencies. Sadly, sometimes such assets are sold to pay for medical bills and the patient whose bills need to be paid unfortunately dies - No doubt this is double tragedy. While insurance will not stop deaths or losses from occurring, it definitely helps cushion those who have suffered losses by availing funds to cover for the insured losses.

It is important to buy the Right Insurance Policy due to life’s uncertainties as you transfer possible financial losses from yourself to an insurance company.
To fully appreciate the importance of insurance and purchase the right cover for yourself, you may need to Identify your risks, needs and prioritize them. “…Insurance is not a straight fitting jacket…!”
Discuss your risks and needs with an insurance company or a broker or an agent; Compare policy benefits against premiums of several insurance companies before you settle on one.

Notes:
The most significant benefits of insurance include protection of family and assets and the resultant peace of mind that one has when they have an insurance policy.
Other benefits include - savings, financial security, investment vehicles and tax relief.
Remember: Your health is your wealth- sicknesses strike without notice; take charge of your health and consider buying a medical insurance cover.
The future belongs to the educated - consider buying an Education Policy for your children.
Purchase a Personal Accident Cover against disabilities and deaths resulting from accidents (even those from accidental stair case falls): ‘…If you Value It; Insure It…!’

Please contact us through:-
Twitter:






Instagram: https://www.instagram.com/kokonyap/
Linkedin: https://www.linkedin.com/in/patrickokonya/

Email: [email protected]
Email: [email protected]
Email: [email protected]
Email: [email protected]
Skype: kokonyap

Yours Truly,

H.E. Patrick O. Kokonya
Unicorp Insurance Information Institute {Unicorp Capital Insurance Agency}
Public Policy & Administration Analyst/ National RRI Coach/
HR & Productivity Improvement Practitioner
{President, Unicorp Capital Group
P.O. Box 24509 - 00100 GPO Nairobi - Kenya

Unicorp Insurance Information Institute: UI³:Why Insurance is a Necessity for All - Insurance Covers:It is important to note that ‘Insurance Cover is a Neces...

28/07/2022

Unicorp Insurance Information Institute (UI³) is Your Trusted Source of Data-driven insights on the Insurance Industry in the Financial and or Economic Sector - to inform and empower Consumers - Individuals, Institutions, Businesses and Governments - in Kenya, Africa and across the globe. We are the Insurance Information Institute in Kenya who are open to mutual Partnerships with other Sector Players and Stakeholders in the Financial Space. We are a trusted source of unique, data-driven insights on INSURANCE and its related subjects. As an Organization, WE strive to be the Number 1 online Source for Insurance Information via our various Social Media Channels in offering a wealth of:- Data-driven Research Studies; White Papers; Educative and Informative Videos; Articles; Info-graphics and other Resources solely dedicated to explaining Insurance as a critical conversation for all and sundry, and enhancing Knowledge Sharing and Management. WE are focused to create and disseminate Objective, Fact-based Information on Insurance rooted in Economic and Actuarial soundness. We aspire to inspire and to make a difference in Society and in lives of Individuals, Families, Communities, Businesses and Governments with Knowledge, Education, Resources, Thought and Transformative Leadership and spice up with top-notch Global Collaboration and Networks on Risk Management and Insurance. Patrick O. Kokonya

Unicorp Insurance Information Institute: UI³Unicorp Insurance Information Institute (UI³) is Your Trusted Source of Data-driven insights on the Insurance Ind...

15/07/2020

Unicorp Capital Group Limited

15/01/2019

Happy New Year 2019 to All our Existing and Potential Clients and Business Partners. Welcome back for Business.

We are one of the Leading Rapid Results Initiatives (RRI) Coaching Consultancy Firm/ Company in Kenya. Our Performance Management Consultants have hands-on experience dating from 2003 when the Mwai Kibaki Government took over reigns of Power in Kenya in 2002.

Our Areas of Interest include helping Organizations (Institutions) - Government and Private Sector Players Implement their Performance Contracts (PCs) Targets, Performance Appraisal Systems (PAS), Annual Work Plans, Strategic Plans and of course meet their Targets using various Performance Management Tools that include:-

- Rapid Results Initiatives (RRI) / Rapid Results Approach (RRA)
- Business Process Re-Engineering (BPR)
- Productivity Improvement
- Transformational Leadership
- Balance Score Card
- 5-Days Corporate Governance Training and Certification
- Human Resource Management and Development
- Research and Surveys in different Areas of interest - Market Surveys
- Sustainable Development Goals (SDGs) and SDGs Implementation Business Round-Table

Our Team of Seasoned Professionals at Unicorp have taken a keen interest in helping Government and Private Sector Players (Industry Players) in implementing the National Development Goals - Medium Term Plan (MTP) III of Kenya Vision 2030, the President's Big Four Agenda of:-
1. Universal Health Care
2. Affordable Housing
3. Food Security
4. Manufacturing; which all require facilitation of the Provision of adequate Water and Sewerage Services as an Enabler in its Success.

We shall assist you in meeting your desired targets for timely-customer service delivery.

For more information, contact:-

Patrick O. Kokonya,
Advisor & Coach - SDGs/ RBM/ RRI - Government of Kenya.
Productivity Improvement & Human Resource Practitioner,
Group Chief Executive Officer - Unicorp Capital Ventures Limited
P.O.Box 24509 – Code: 00100 GPO,
NAIROBI – KENYA
Mobile: +254 722 858 020/ +254 733 733 512
T/Wireless: +254 20 245 2075
Email: [email protected]
: [email protected]
: [email protected]
Skype Name: kokonyap
Twitter: kokonyap
Twitter: unicorpcapitalv

14/06/2013

Are you searching for means and ways of turning around your company/ Organization into a Profitable and economically stable one? Are you ready to Invest and be Trained, to embrace, learn and "Understand Productivity Improvement, Managing Quality Improvement, Productivity Competitiveness and Measuring Customer Satisfaction in Your Company/ Organization?". Look no further. Come Learn the "...Application of the Japanese KAIZEN Concept (7 Problem-Solving Tools) - based on the Toyota Production System. Contact Unicorp Capital Ventures Limited NOW! You will come again....You won't regret when you make Profits and minimize Wastes!

Unicorp Insurance Information Institute (UI³) is wholly Owned by Unicorp Capital Insurance Agency (Under Unicorp Capital Group) to provide robust information and technical advice on Insurance Products and Services in Kenya and across African Continent.