NicozDiamond Insurance Limited (NICO) : Company Profile and SWOT Analysis
Timetric's "NicozDiamond Insurance Limited (NICO) : Company Profile and SWOT Analysis" contains in depth information and data about the company and its operations. The profile contains a company overview, key facts, major products and services, SWOT analysis, business description, company history, key competitors, financial analysis, mergers & acquisitions, key employees, company locations and subsidiaries as well as employee biographies.
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Studies and presents the company's strengths, weaknesses, opportunities (growth potential) and threats (competition). Strategic and operational business information is objectively reported.
The profile also contains information on business operations, company history, major products and services, key employees, and locations and subsidiaries.
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NicozDiamond Insurance Limited (NicozDiamond), a subsidiary of National Social Security Authority, is a non-life insurance company. It offers a range of general insurance products to individuals and corporate customers. The company offers insurance products for homeowner, home holders, marine cargo and hull, motor, personal accident golfers, travel, assets, aviation, general public liability, employers liability and business protection. It also offers personal all risks insurance, directors and officers liability insurance, plant and erection all risks insurance, fidelity guarantee insurance, machinery breakdown insurance, and environmental liability. NicozDiamond distributes its products through banks, brokers and agents. The company has presence in Zimbabwe, Zambia, Mozambique and Malawi. NicozDiamond is headquartered in Harare, Zimbabwe.
The company reported gross written premium of US$37 million during fiscal year ended December 2016 (FY2016), a decrease of 4.6% over FY2015. Its net written premium was US$24.2 million in FY2016, an annual decrease of 6.3% over FY2015.