A note on NIKO's 2006 performance

A bit of the lizard that fell from the high iroko tree that praised itself when nobody else did (Chinua Achebe, Things Fall Apart), I am glad to have been part of NIKO when it grew remarkably as mentioned by http://www.globalratings.net/attachment_view.php?pa_id=268 on the Tanzania insurance market, every growth in life must be appreciated, no matter how small

" Fundamentals Non-life

Alliance is a leading non-life insurer in the Tanzanian
private insurance market, accounting for a 15% share
in 2006. Analysis of the market share trends reflect
the continued market gain by Heritage (the largest
insurer in the market) from 22% in 2005 to 25% in
2006. This reflects the strong increase in corporate
market earnings (relative to that of the consumer
market) from the leveraging of increased fixed capital
formation). It is noted that the practise of coinsurance
is a significant contributor to the premium
income share retained by the top tier of insurance
companies in the market. Accordingly, the shares for
Alliance, Heritage, Jubliee and Phoenix, representing
almost 68% of the market, remains well entrenched.
Notable movers in the class of smaller insurers was
Imperial (owned by NICO Malawi), which increased
from 2.2% in 2005 to 5.8% in 2006. This feat is
impressive considering its since-inception-premium
written (cumulative) of Tshs7.7bn has been almost
matched by the Tshs5.1bn premium written in the
2006 underwriting year."