Statewide Insurance Company Explained

Statewide Insurance Company Limited (SWICO)
Type:Private
Location:Sure House, 1 Bombo Road, Kampala, Uganda
Key People:John Ssebaana Kizito (Chairman), Joseph W. Kiwanuka (Managing Director)
Industry:Financial services
Products:Insurance, investments, real estate

Statewide Insurance Company (SWICO), is a Ugandan insurance company. The company is a leading provider of insurance and risk management services in Uganda.

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

Ownership

One of SWICO's original shareholders was the founding chairman of the board, 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]

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

Notes and References

  1. Web site: SWICO Profits Soar To USh1.3 Billion . https://web.archive.org/web/20160304001537/http://www.independent.co.ug/business/business-news/9125-swico-profits-soar-to-shs-13-billion- . dead . 4 March 2016 . 6 July 2014 . 15 October 2014 . Julius . Businge . The Independent (Uganda).
  2. Web site: Statewide Insurance Company . 10 October 2012 . 15 October 2014 . New Vision (Kampala).
  3. Web site: The Deepest Pockets – Uganda . 6 January 2012 . Ssebidde . Kiryowa . Michael . Kanaabi . 15 October 2014 . New Vision (Kampala).
  4. Web site: Branches of Statewide Insurance Company. Statewide Insurance Company (SWICO). 15 October 2014.

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