Statewide Insurance Company

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Statewide Insurance Company (SWICO)
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[edit]

SWICO is one of the licensed insurance companies in the country. As of July 2014, the total valuation of the company's assets was not publicly known. Its investments included real estate holdings, the largest of which is Sure House at 1 Bombo Road, in Kampala's central business district, which houses SWICO's headquarters.[1]

History[edit]

In 1982, John Ssebaana Kizito, the Ugandan businessman, economist and politician, together with a business associate, Joseph W. Kiwanuka, pooled resources and started SWICO. Today, the company is the oldest privately owned insurance company in Uganda.[2]

Ownership[edit]

The exact shareholding in SWICO is not publicly known. One of the shareholders is the founding Chairman of the Board, John Ssebaana Kizito, one of the wealthiest people in Uganda, according to the New Vision, Uganda's leading English daily.[3]

Branch network[edit]

The company has a branch network in the following Ugandan locations:[4]

  1. Main Branch - Sure House, 1 Bombo Road, Kampala
  2. Arua Branch - Ouzu Plaza, Adumi Road, Arua
  3. Entebbe Branch - 33-35 Kampala Road, Entebbe
  4. Fort Portal Branch - 14 Bwamba Road, Fort Portal
  5. Gulu Branch - 1 Atwal Road, Gulu
  6. Hoima Branch - 36 Fort Portal Road, Hoima
  7. Iganga Branch - 56 Main Street, Iganga
  8. Jinja Branch - Bemtex Plaza, 68 Main Street, Jinja
  9. Lira Branch - 26D Kwania Road, Lira
  10. Masaka Branch - 14 Edward Avenue, Masaka
  11. Mbale Branch - 4 Manafa Road, Mbale
  12. Mbarara Branch - Pride House, 37A High Street, Mbarara
  13. Mityana Branch - 53B Station Road, Mityana
  14. Soroti Branch - 4 Cemetery Road, Soroti

Governance[edit]

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[edit]

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[edit]

References[edit]

  1. ^ Businge, Julius (6 July 2014). "SWICO Profits Soar To USh1.3 Billion". The Independent (Uganda). Retrieved 15 October 2014. 
  2. ^ Newvision, Supplement (10 October 2012). "Statewide Insurance Company". New Vision (Kampala). Retrieved 15 October 2014. 
  3. ^ Michael Kanaabi, and Ssebidde Kiryowa (6 January 2012). "The Deepest Pockets - Uganda". New Vision (Kampala). Retrieved 15 October 2014. 
  4. ^ SWICO, . "Branches of Statewide Insurance Company". Statewide Insurance Company (SWICO). Retrieved 15 October 2014. 
  5. ^ Kamukama, Polly (23 February 2012). "Kiwanuka's Volvo Lured Worshippers To Church". The Observer (Uganda). Retrieved 15 October 2014. 

External links[edit]