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, information technology (IT) businesses in in Malawi, Zambia, Uganda, and Mozambique. It operates through Life Insurance and Pension Business, General Insurance Business, Banking Business, Investment Holding, Asset Management, and Information Technology segments. Its general insurance products comprise 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, unit linked endowment with profits; 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, investment management products and services to institutional, individual investors. Further, the company offers IT services, including IT managed services, IT infrastructure services, IT projects management, software solutions, and property advisory, management, development, retail services. NICO Holdings plc was founded in 1971 and is headquartered in Blantyre, Malawi.