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About us
INTRODUCTION -PEACE OF MIND INSURANCE BROKERS LTD.
The organization was established in the year 2002 and
incorporated under the Companys Act on 7th January 2004. It is authorized to transact both
long term and general insurance business; this is after fulfilling the
requirements of Insurance Act (Cap 487) as evidenced by the attached
copy of certificate from the Insurance Regulatory Authority.
Insurance business in Kenya is governed and regulated
by the Insurance Act Cap 487.
The act was amended to create Insurance Regulatory
Authority, which is empowered to license companies and individuals to
conduct insurance business.
Further the Insurance Industry through various trading
and professional associations self-regulate their members by putting
in place code of conduct which all members are expected to adhere to.
Some of those associations are: -
i) Association of Kenyan
Insurers
ii) Association
of Insurance Brokers of Kenya
iii) Insurance
Institute of Kenya.
SCOPE OF WORK
The company is involved in sales and serviceof all classes of insurance to Individuals,
Private and Public Institutions. These classes are:
Motor
private
Motor
commercial
Motor
commercial general cartage
Personal
accident
Fire
and perils
Fire
consequential loss
Domestic
package
Work
injury benefit act
Employers
liability
Professional
Indemnity
Public
liability,
Burglary
All
Risks
Electronic
Equipment
Contractors
All Risks
Goods
in transit
Fidelity
guarantee
Political
violence
Travel
Insurance
Directors
and officers Liability
Media
Liability
Medical
insurance.
Money
policy
Performance
bonds
Bid
bonds
Machinery Breakdown
We will establish an Insurance program for you by:
Needs Assessment
Identifying your Insurance needs by deeply
understanding your business.
Advising On Most Practical, Relevant and Cost
Effective Insurance Policies
Ensuring insurance policies are as comprehensive as
possible and at a very reasonable cost.
Claims
Facilitating and ensuring that claims reported are
documented properly and therefore settled promptly.
Risk Management
Advising on risk management issues by proper audit of
the entire risk and insurance cover required. This enables us to advice on the
risk that is uneconomical to insure and therefore should be retained
by the company.
Loss Recovery
We facilitate the uninsured loss recovery from other
parties who might be the cause of the loss through the Insurance
Company on risk.
Pension Scheme Management
In liaison with the insurance companies we advise,
arrange and manage pension schemes and group life covers.
Risk Survey
We undertake risks surveying and advise our clients on
what can be done to minimize the probability of a loss occurring and
what should be done to reduce the loss suffered after an event has
occurred. Therefore we are
both proactive and reactive as far as surveying is concerned.
Financing
We assist our clients in arranging premium financing
from premium financing organizations at very reasonable interest
rate.
Networking
Finally we advice on the
most reliable, dependable and solid insurance company with whom to
insure for this is our primary responsibility. We have a good working
relationship with the following Insurance Companies:-
1. UAP
Provincial Insurance Co. Ltd
2. AIG Insurance co. Ltd
3. Britam Insurance Co. Ltd
4. Resolution
Health East Africa
5. AAR
Health Services Ltd
6. Insurance
Co. of East Africa Ltd
7. Fidelity
Shield Insurance Co. Ltd
8. Corporate
Insurance Co. Ltd
9. Co-operative
Insurance Company of K. Ltd
10. Jubilee
Insurance Co. Ltd
11. APA
Insurance Co. Ltd
12. Heritage
Insurance Co. Ltd
13. Phoenix
of East Africa Assurance Co. Ltd
14. Pacis Insurance Co. Ltd.
15. Gateway
Insurance Co. Ltd
16. Madison
Insurance Co. Ltd
17. Cannon
Assurance Co. Ltd
18. Africa
Merchant Assurance Co. Ltd
19. Intra AfricaAssurance Co. Ltd
20. Xplico
Insurance Company
To enhance efficiency in service delivery to our
clients we have upgraded our computerized operations by installing
the relevant softwareand trained our staff
in handling the same.
Our services to you do not increase the insurance cost
at all, neither do our absence reduce it. We earn commission from the
insurance company on the premium received. Therefore, the
professional advice we provide is very important, since the other
party to the insurance contract is a professional and you may not be
one. In other words, we create a level playing ground to the two
parties of the insurance contract.
The Directors of the company are indigenous Kenyans
whose involvement in the Insurance industry dates back to over ten
years. They have held top and
middle management level positions in the insurance industry. They
therefore bring into the company a reservoir of experience and
competence.in 2004 and a change of name and management effected at
the same time. Commonly referred to as PIB, the company has
cultivated for itself a strong market presence.
Building on our Clients Trust
Delivering on our
Promises
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