In the beginning: it was a quiet day in 1992, seven shareholders got together and formed Tausi Assurance Company limited. The Company opened its doors quietly but confidently for business in 1993 in Westlands, with a paid up capital of Kshs 20million and a staff of nine.
Customer first
The conf… read moreidence came from having a simple and clear objective: the world is far from perfect and sometimes things don’t happen the way we hope or plan. Neither individuals nor companies can perform at their best if they aren’t assured that their interest and assets are well protected. Tausi provides that assurance in their general insurance range of products.
We are different because of our philosophy to put the customer first, because we are passionate about providing only the best service, we aim to build satisfying relationships with our customers. Our procedures and processes are constantly upgraded to meet our clients’ specific needs and to provide lasting solutions to every problem that they approach us with.
Growing confidence
Not many companies in the market have experienced the kind of growth that Tausi has demonstrated since its birth 24 years ago. The Company’s paid up capital was Kshs. 600 Million as at December 2016 from 20 Million initial capital in 1993. The total assets were Kshs 19.7 million in 1993 and have impressively grown to over Kshs. 2.2 Billion at the end of 2016. The gross written premium stood at Kshs. 963 Million as at December 2016.
In the year 2016, Tausi was accorded a national scale credit rating of A (ke) with Stable outlook by Global Credit Rating (GCR), a South Africa based rating agency which is a member of ARC Ratings (Europe). This rating is a clear indication of Tausi’s strong financial stability and claims paying ability.