National Insurance Corporation Limited (now NIC Holdings Limited) is a leading insurance company in Uganda. It was established in 1964 as a wholly-owned government parastatal; and privatised in 2005 with Industrial and General Insurance Plc (IGI) purchasing a 60% stake in the insurance business through its special purpose vehicle, Corporate Holdings Limited. IGI is the largest private sector insurer and fastest growing insurance company in Nigeria, with operations in Ghana, Gambia, Uganda, Rwanda, Europe and America. The company established two wholly-owned subsidiaries; NIC General Insurance Company Limited (NIC General) which took over the general insurance business; and NIC Life Assurance Company Limited (NIC Assurance) which took over individual and group life assurance.
National Insurance Corporation Limited is listed on the Uganda Securities Exchange
NIC.ugUganda Shillings11.00Tuesday, 19th November 20190.00 / 0.00%52 Week Change:-30.82%