Fiji Care Insurance has announced that it will be assembling a loss for the 2009 financial year.
Company Secretary Victor Robert said that the unaudited 2009 income for Fiji Care Insurance is below expectations due to the escalating medical and term life claims and the devaluation of the Fiji dollar that had an immense impact on the company's revenue compared to previous years.
On the affirmative note, Robert said to manage the company's risk, they have diversified into new products such as Motor Vehicle Insurance, Funeral Benefits and more active Worker's Compensation and Marine Insurance.
Fiji Care Insurance said this will assist to improve the revenue and open their markets for a much better product base for their clients.
Fiji Care Insurance assembles loss
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