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NIC may refer to: Banking and insurance companies * National Insurance Corporation, Uganda * NIC Bank, a commercial bank in Kenya Politics, government and economics * National Ice Center, an agency that provides worldwide navigational ice analyses for the United States military and government * National Incubation Center, Ignite - National Technology Fund, Ministry of IT & Telecom, Government of Pakistan * Natal Indian Congress, a political party in South Africa formed by Mohandas Karamchand Gandhi * National Implementation Committee on FATA Reforms, a committee chaired by the Prime Minister of Pakistan regarding the Federally Administered Tribal Areas * National Indigenous Council, an advisory body to the Australian Government from late 2004 to early 2008 * National Informatics Centre, Government of India * National Infrastructure Commission, a UK government body advising on large-scale infrastructure projects * National Institute of Corrections, a division of the United Stat ...
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National Insurance Corporation
National Insurance Corporation Limited, commonly referred to as National Insurance Corporation (NIC), is an insurance company in Uganda. The company is a leading provider of insurance and risk management services in the country. Overview NIC, one of the licensed insurance companies in the country, is a medium-sized insurance services provider in Uganda. , the company's total assets were valued at USh 108 billion (approximately US$30 million). During the year that ended December 2017, the company realized USh 1.9 billion (approximately US$520,000) in after-tax profit. At that time, shareholders' equity was calculated at USh 38 billion (approximately US$10.5 million). History NIC was established by an Act of Parliament in 1964. Before 2005, all of the company was owned by the Ugandan government. In June 2005, the government divested 60 percent of its shares in NIC. These shares were acquired by Industrial and General Insurance Company Limit ...
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