Savenda’s liquid assets grow
Published On June 20, 2022 » 1136 Views» By Times Reporter » Business, Stories
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•SAVENDA General Insurance managing director Irene Muyenga (right) interacting with Copperbelt clients at Kitwe’s Garden Court on Friday evening. Picture by KENNEDY MUPESENI

By KENNEDY MUPESENI-
SAVENDA General Insurance (SGI) has increased its liquid assets to about K22 million to allow for prompt insurance payouts as it projects insurance business growth to around K60 million this year.
SGI managing director Irene Muyenga said the decision to boost its cash assets positioned the company to provide cover whenever clients make requests thus creating confidence in policy holders.
“We have put aside funds which should be available whenever a calamity happens, so we are investing some money, we don’t want to invest in properties, we want cash so that we put claims in record time,” Ms Muyenga said.

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