Statewide Insurance Company Limited, commonly referred to as Statewide Insurance Company (SWICO), is an insurance company in Uganda. 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's central business district, which houses SWICO's headquarters.
History
In 1982, Late John Ssebaana Kizito, a Ugandan businessman, economist, 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, 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, Kampala
Arua Branch – Ouzu Plaza, Adumi Road, Arua
Entebbe Branch – 33-35 Kampala Road, Entebbe
Fort Portal Branch – 14 Bwamba Road, Fort Portal
Gulu Branch – 1 Atwal Road, Gulu
Hoima Branch – 36 Fort Portal Road, Hoima
Iganga Branch – 56 Main Street, Iganga
Jinja Branch – Bemtex Plaza, 68 Main Street, Jinja
Lira Branch – 26D Kwania Road, Lira
Masaka Branch – 14 Edward Avenue, Masaka
Mbale Branch – 4 Manafa Road, Mbale
Mbarara Branch – Pride House, 37A High Street, Mbarara
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. John Ssebaana Kizito, one of the founders and one of the shareholders, is the chairman.
Management
The management team comprises twelve managers. Joseph William Kiwanuka, one of the founders and a shareholder, is the managing director, responsible for the daily administration of the company activities.