NICO Holdings Ltd (NICO)

NICO Holdings plc, together with its subsidiaries, engages in general insurance, life assurance, pension administration, banking, corporate finance advisory, asset management, and information technology (IT) businesses in in Malawi, Zambia, Uganda, and Mozambique. It operates through Life Insurance and Pension Business, General Insurance Business, Banking Business, Asset Management, and Information Technology segments. It provides general insurance products, such as motor vehicle, building, road construction, liability, engineering, professional indemnity, marine hull, cargo, fire, loss of profits, agriculture, burglary, house-owners, householders, and personal accident products. The company also offers individual life insurance products, including endowment assurance with profits, cash generator endowment assurance with profits, savings protection policy with profits, child saver, lien endowment assurance with profits, and unit linked endowment with profits; and group business insurance products comprising deposit administration, managed funds, group life assurance, group mortgage, group credit, and group funeral policies and annuities. In addition, it provides deposit products, credit facilities, visa credit, debit card services, trade finance services, foreign exchange products, women business programs, and other value-added services; pension solutions; and investment management services to institutional, individual investors. Further, the company offers corporate and project finance advisory services; IT services, including IT managed services, IT infrastructure services, IT projects management, and software solutions; property advisory, management, development, and retail services; and hospitality services. NICO Holdings plc was founded in 1971 and is based in Blantyre, Malawi.