For much of Uganda’s post-independence history, NIC Holdings occupied a privileged position in the country’s insurance landscape. Established in 1964 as National Insurance Corporation, NIC was once the dominant underwriter by virtue of scale, state backing, and first-mover advantage. That legacy, however, has not translated into market leadership for more than two decades. Today, despite being one of Uganda’s oldest, if not the oldest, insurance institutions, NIC operates largely as a mid-tier player in general insurance and remains at the bottom of the rankings in life insurance, with market shares that have struggled to break beyond low single digits. This…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
