To comply with the directives of the Insurance Regulatory Authority of Uganda (IRA), National Insurance Corporation (NIC) reorganizes itself.
The company is divided into three entities, a holding company (NIC Holdings), which includes both a life company (NIC Life) and a non life company (NIC General).
As a reminder, NIC is owned at 64.9% by the Industrial and General Insurance (IGI) of Nigeria. The remaining stakes are placed on the stock exchange.