“Over the last 12 months Jubilee has made significant investments in people and systems to improve the underlying efficiency and profitability of its insurance operations and this has allowed the Group to post strong profits during a period of exceptional global market volatility,” group chairman Nizar Juma said.
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Jubilee Holdings provides insurance protection to more than 125,000 clients across the East African region and is pushing to improve its reach for its existing and potential customers in the region.
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The company is an affiliate of the Aga Khan Fund for Economic Development, the economic arm of the Aga Khan Development Network.