Our Vision
To be the preferred provider of insurance, risk management and financial services. Our Mission
Create, preserve and protect wealth. Our Values
Teamwork, Reliability, Innovation, Integrity, Passion
The Company
National Insurance Corporation Limited (NIC) is a leading provider of insurance and financial services in Uganda. The Company which was established in 1964 was rebranded in a major corporate refocusing initiative to reposition it as the insurance company of choice in the financial sub-sector. IGI, core investor in NIC, is the largest private sector insurer and the fastest growing insurance company in Nigeria, with premium income in excess of USD$230 million. IGI is an insurance giant with presence in Ghana, Gambia, Uganda, Rwanda, Europe and America; IGI has increased its profits every year of its operation and has paid dividends for 14 consecutive years. NIC transformed into a wholly privately owned insurance company after a successful Initial Public Offer (IPO) and consequently it’s listing on the Uganda Securities exchange (USE). NIC is the first local insurance Company to be listed on the Uganda Stock Exchange on a National scale. As the largest Life and Pension carrier in Uganda with an asset base of over Shs. 85 billion, NIC has the reputation for exceptional competence in the delivery of customer-centric service and product innovation. In 2010, NIC paid over 18 billion in compensation of the Uganda Police helicopter and to Makerere University Deposit Administration Plan (DAP) stakeholders. In 2006, NIC paid 13 billion Ugandan shillings (UGX11billion), being the largest claim in the Ugandan insurance industry, to the Government of Uganda on the loss of the crashed M1-172 Presidential Helicopter and as compensation to the beneficiaries of the deceased crew and passengers in the helicopter.
