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About NIKO Insurance Tanzania
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| Vision |
| To lead in the provision of general insurance services in Tanzania. |
| Mission |
| To be the leading provider of innovative insurance products in Tanzania, providing security and creating value for all stakeholders. |
| Values |
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Integrity
Care
Ethical Standards
Health and Safety
Transparency
Accountability
Good Corporate Governance Practices
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| Shareholding |
NIKO Insurance (Tanzania) Limited was launched on 14th July 2005 following the acquisition of about 67% shareholding of Imperial Insurance Company Limited.
NIKO Insurance (Tanzania) Limited operates as part of NICO Holdings Limited ,a multi-national group whose main business is insurance and banking, thereby combining operations with a series of synergistic networking partnerships while maintaining a strong customer focus.
The shareholders of NICO Holdings Limited are as follows:
AFRICAP, Houston, Texas, USA
International Finance Corporation, (IFC) Washington DC, USA.
Santam Limited, Cape Town, RSA
Millennium Holdings Ltd. (Malawi)
Millennium Investment Limited (Malawi)
The General Public (Malawi & Foreign)
NICO Employees Share Ownership Trust (Malawi & Foreign)
With these reputable shareholders, a strong balance sheet, and a wide alliance network, NICO is a well-known and respected brand in the COMESA and SADC regions. NICO Brand is growing its footprint as a major regional player. (www.nicomw.com)
Click here to check out NICO subsidiaries websites |
NIKO Insurance (Tanzania) Limited deals exclusively in short term insurance covers otherwise termed general insurance. Our product profile provides both personal and commercial insurance covers. Our business purpose is to help our customers in Tanzania protect themselves from insurable risks that they face in their commercial activities and daily lives. We strive to build reliable and secure relationships through our operations, underwriting through to claims settlement. The security and peace of mind of our clientele is our utmost priority.
NIKO Insurance (Tanzania) Limited holds about 7% market-share and the gross premium projections for the next five years indicate a significant growth. Our strategy however is to focus on our core competencies of underwriting and claims while adding value to all our stakeholders.
NIKO Tanzania attracts clients and intermediaries who are prepared to nurture long-term partnership with the company, to ensure long lasting security and peace of mind.
We are a corporate preferred insurer on the Tanzania short-term insurance market through secure satisfactory relationships. We ensure that our core corporate values are upheld at all times to the benefit of all our stakeholders.
In addition to our unrivalled technical and financial capacity to underwrite large risks in Tanzania, we have the support of highly rated re-insurers complementing our ability to underwrite world-class covers.
NICO Insurance Tanzania board of directors»
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