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.
Not many companies in the… read more market have experienced the kind of growth that Tausi has demonstrated since its birth eighteen years ago. During the year 2009, after injection of capital by the shareholders, the company’s paid up capital increased to Kshs 219.9 Million as at December 2008. The company is now fully compliant with the minimum paid up capital requirement of Kshs 300 million. Swan Court is now Tausi Court after the company purchased the building in 2001. Tausi’s total assets stood at Kshs 19.7 million in 1993; this has grown to Kshs. 1.28 billion as at 2009 as against Ksh 1.08 billion as at 2008. Gross premiums of Kshs. 20 million booked in 1993 have grown to over Kshs. 510 Million as at 31st December 2009. The company’s sterling performance during the year 2009 is reflected by the after tax profit of Kshs. 98.4 million recorded for the year 2009 as against a loss of Kshs. 1.8million for the year 2008.
On a personal level, Tausi offers domestic package insurance, car insurance, personal accident schemes and even sportsman insurance. And for its business, office, or corporate customers, Tausi can stand in the gap for fire, burglary, marine, workmen’s compensation, public liability, group accident, plate glass, money, motor, fidelity guarantee and many others. Tausi Assurance guarantees stability and reliability with strong support from reinsurers like P.T.A Re., G.I.C of India, Africa Reinsurance Company, East Africa Re and Kenya Re. Our attractive array of services and facilities are engineered to give our clients the best value for their money. Therefore it’s no surprise that Tausi has experienced such a remarkable level of demand for its services in such a short period of time.