Statewide Insurance Company Limited, commonly referred to as Statewide Insurance Company (SWICO), is an insurance company in

Uganda }), is a landlocked country in East Africa East Africa, Eastern Africa, or East of Africa, is the eastern subregion of the African continent. In the United Nations Statistics Division scheme of geographic regions, 10-11-(16*) territor ...

. 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 Kampala (, ) is the capital and largest city of Uganda. The city proper has a population of 1,680,000 and is divided into the five political divisions of Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division, and Ruba ...

's central business district, which houses SWICO's headquarters.

History

In 1982, Late John Ssebaana Kizito, a Ugandan businessman,

economist An economist is a professional and practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this ...

, 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.

Ownership

One of SWICO's shareholders is the founding

chairman of the board The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the grou ...

, John Ssebaana Kizito, who was one of the wealthiest people in Uganda in 2012 according to a published report.

Branch network

The company has a branch network in the following Ugandan locations: # Main Branch – Sure House, 1 Bombo Road,

# Arua Branch – Ouzu Plaza, Adumi Road,

Arua Arua is a city and commercial centre within the Arua District in the Northern Region of Uganda. Location Arua is approximately , by road, north-west of Kampala, the capital and largest city of Uganda, Arua is about , by road, west of Gulu, the ...

# Entebbe Branch – 33-35 Kampala Road,

Entebbe Entebbe is a city in Central Uganda. Located on a Lake Victoria peninsula, approximately southwest of the Ugandan capital city, Kampala. Entebbe was once the seat of government for the Protectorate of Uganda prior to independence, in 1962. The c ...

# Fort Portal Branch – 14 Bwamba Road,

Fort Portal Fort Portal or Kabarole is a city located in the Western Region of Uganda. It is the seat of both Kabarole District and historically of the Toro Kingdom. Location Fort Portal in Kabarole District is located approximately by road, west of Kampal ...

# Gulu Branch – 1 Atwal Road, Gulu # Hoima Branch – 36 Fort Portal Road,

Hoima Hoima is a city in the Western Region of Uganda. It is the main municipal, administrative, and commercial center of Hoima District. It is also the location of the palace of the Omukama of Bunyoro. Location Hoima is approximately , by road, nort ...

# Iganga Branch – 56 Main Street, Iganga # Jinja Branch – Bemtex Plaza, 68 Main Street, Jinja # Lira Branch – 26D Kwania Road,

Lira Lira is the name of several currency units. It is the current currency of Turkey and also the local name of the currencies of Lebanon and of Syria. It is also the name of several former currencies, including those of Italy, Malta and Israe ...

# Masaka Branch – 14 Edward Avenue, Masaka # Mbale Branch – 4 Manafa Road, Mbale # Mbarara Branch – Pride House, 37A High Street,

Mbarara Mbarara City is a city in the Western Region of Uganda and the second largest city in Uganda after Kampala. The city is divided into 6 boroughs of Kakoba Division, Kamukuzi Division, Nyamitanga Division, Biharwe Division, Kakiika Division, Nyakay ...

# 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 A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organiz ...

. John Ssebaana Kizito, one of the founders and one of the shareholders, is the

chairman The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the grou ...

Management

The management team comprises twelve managers. Joseph William Kiwanuka, one of the founders and a shareholder, is the

managing director A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

, responsible for the daily administration of the company activities.

References

External links

SWICO Website

{{Economy of Uganda Financial services companies established in 1982 1982 establishments in Uganda Insurance companies of Uganda