Statewide Insurance Company
Type | Private |
---|---|
Industry | Financial services |
Founded | 1982 |
Headquarters | Sure House, 1 Bombo Road, Kampala, Uganda |
Key people | John Ssebaana Kizito Chairman Joseph W. Kiwanuka Managing Director |
Products | Insurance, investments, real estate |
Website | Homepage |
Statewide Insurance Company Limited, commonly referred to as Statewide Insurance Company (SWICO), is an insurance company in Uganda. The company is a leading provider of insurance and risk management services in the country.
Overview[]
SWICO is one of the licensed insurance companies in the country. Its investments include real estate, the largest of which is Sure House at 1 Bombo Road in Kampala's central business district, which houses SWICO's headquarters.[1]
History[]
In 1982, , a Ugandan businessman, economist, and politician, together with a business associate, , pooled resources and started SWICO. The company is the oldest privately owned insurance company in Uganda.[2]
Ownership[]
One of SWICO's shareholders is the founding chairman of the board, John Ssebaana Kizito, who was one of the wealthiest people in Uganda in 2012 according to a published report.[3]
Branch network[]
The company has a branch network in the following Ugandan locations:[4]
- Main Branch – Sure House, 1 Bombo Road, Kampala
- Arua Branch – Ouzu Plaza, Adumi Road, Arua
- Entebbe Branch – 33-35 Kampala Road, Entebbe
- Fort Portal Branch – 14 Bwamba Road, Fort Portal
- Gulu Branch – 1 Atwal Road, Gulu
- Hoima Branch – 36 Fort Portal Road, Hoima
- Iganga Branch – 56 Main Street, Iganga
- Jinja Branch – Bemtex Plaza, 68 Main Street, Jinja
- Lira Branch – 26D Kwania Road, Lira
- Masaka Branch – 14 Edward Avenue, Masaka
- Mbale Branch – 4 Manafa Road, Mbale
- Mbarara Branch – Pride House, 37A High Street, Mbarara
- Mityana Branch – 53B Station Road, Mityana
- Soroti Branch – 4 Cemetery Road, Soroti
Governance[]
The governing body of the company is the four-member board of directors. John Ssebaana Kizito, one of the founders and one of the shareholders, is the chairman.
Management[]
The management team comprises twelve managers. Joseph William Kiwanuka, one of the founders and a shareholder, is the managing director, responsible for the daily administration of the company activities.[5]
See also[]
- Uganda Insurances
- Wealthy Ugandans
- NIC
- Uganda Economy
- John Ssebaana Kizito
References[]
- ^ Businge, Julius (6 July 2014). "SWICO Profits Soar To USh1.3 Billion". The Independent (Uganda). Archived from the original on 4 March 2016. Retrieved 15 October 2014.
- ^ Newvision, Supplement (10 October 2012). "Statewide Insurance Company". New Vision (Kampala). Retrieved 15 October 2014.
- ^ Michael Kanaabi, and Ssebidde Kiryowa (6 January 2012). "The Deepest Pockets – Uganda". New Vision (Kampala). Retrieved 15 October 2014.
- ^ SWICO, . "Branches of Statewide Insurance Company". Statewide Insurance Company (SWICO). Retrieved 15 October 2014.CS1 maint: numeric names: authors list (link)
- ^ Kamukama, Polly (23 February 2012). "Kiwanuka's Volvo Lured Worshippers To Church". The Observer (Uganda). Retrieved 15 October 2014.
External links[]
- Financial services companies established in 1982
- 1982 establishments in Uganda
- Insurance companies of Uganda