Occidental Insurance Products on PESABAZAAR.com
Posted on 2016-11-07
Occidental Insurance Company, one of the leading and most profitable insurance companies in Kenya has signed up to the leading online insurance platform in Kenya, 15th September 2016. Customers in Kenya can now get instant quotes for a wide range of insurance products and purchase cover online.
Occidental insurance will now offer car insurance, home insurance, travel insurance, golfers insurance and SME and Corporate insurance products through the portal. Customers can be guaranteed competitive prices, fast and efficient pre and after sales service online.
Occidental Insurance was incorporated in 1984 and started transacting insurance business in 1987. It has its headquarters in Nairobi, at Crescent Business Centre, Parklands and is led by Managing Director Asok Ghosh.
It is a predominantly general insurer, writing premiums of about KSh 2 Billions according to the Insurance Regulatory Authority (IRA) report for the year ending December 2015. Occidental has been highlighted as the most profitable insurance company for the first half (January – June) of 2016 with an underwriting profit of KSh 244 millions according to the midterm regulator report.
Occidental is a member of the Association of Kenya Insurers (AKI), the main lobby group to provide, promote and champion excellence in the Kenyan Insurance Industry.
Occidental insurance joins other top insurance companies already offering motor vehicle insurance car , medical insurance and life insurance products online like First Assurance (a member of the Barclays Africa group), UAP Old Mutual, CIC General and Life Insurance, APA General Insurance, Fidelity Insurance, BRITAM Insurance and many more.
PESABAZAAR.com is a leading online insurance aggregator, partnering with the biggest insurance companies in Kenya to give insurance customers instant online insurance quotes, the most competitive prices and top class customer service. Launched in March, 2016, it has quickly built a wide range of online products and partnered with leading insurers to give Kenyans a convenient and reliable online insurance service. The process of getting reliable quotes for motor vehicle insurance; comparing policy benefits, terms and conditions has now been reduced from days and weeks to a matter of seconds. The customer is now fully empowered, leveraging the platform to compare providers, under the insurance covers and get the best premium rates in the market, all at the comfort of their homes or offices. Insurance customers have received the platform with very positive reviews, citing the online comparison, convenience and quality of service.
The platform also features a number of financial tools to help the public learn more and appreciate the basic concepts of personal finance and planning. Among the tools are the KRA PAYE calculator to calculate net monthly pay in Kenya, a loan calculator to guide members who are considering taking out credit facilities in Kenya.
Commenting on the partnership, Prashanth Srinivas the Co-Founder of the platform said, “We are continuing to increase the panel of providers we have on our platform, Occidental Insurance is a strong insurer, renown for great customer service, fast claims settlement and a strong business management. We are therefore pleased to have them on board and we look forward to giving our clients in Kenya even wider choice and competitive prices and products.”