NicozDiamond Insurance Limited (“NDI”) was borne out of a merger of National Insurance Company of Zimbabwe (NICOZ) and Diamond Insurance Company on 1 January 2002 and subsequently listed on the Zimbabwe Stock Exchange (“ZSE”) in the same year. The ZSE listing was maintained until August 2018, following significant shareholder changes. NicozDiamond Insurance is now a member of the First Mutual Holdings Group.

The company is one of the leading short term insurance companies in Zimbabwe. NicozDiamond has established itself as a premier insurer in a market comprising of more than 20 insurance companies. The company’s performance has been supported by a strong balance sheet, brand strength, high visibility and its consistency in been awarded an A rating for claims paying ability by the Global Credit Rating Company of South Africa. The company has also maintained sturdy regional presence through its subsidiaries namely United General Insurance of Malawi and Diamond Seguros of Mozambique

NDI has a Board of Directors comprising of mature executives with a wealth of knowledge and an energetic and experienced management team. Corporate Governance issues are highly prioritized and there is fervent commitment to the principles of lucidity, integrity and responsibility.

2.  Achievements

• ISO 9001-2008 Certified
• A-Rating for claims paying ability
• ZNCC Accolades
• ZIM Accolades
• Regional presence
• Large Capital Base

3.  Products offered

• Motor Vehicle Insurance
• Commercial Insurance
• Home Insurance
• Accident Insurance
• Liabilities Insurance
• Engineering Insurance
• Marine Insurance
• Marine Insurance
• Bonds and Guarantees
• Credit Insurance
• Farming Insurance
• Aviation Insurance
• Travel Insurance
• Golfer’s Insurance

4.  Recent Developments

• NicozDiamond now a wholly owned subsidiary of First Mutual Holdings Limited
• Successful Merger between NicozDiamond and Tristar
• Re-certified to ISO 9001-2008
• Rated A- for claims paying ability
• Widened the distribution channel through non-traditional distribution channels such as Banks and agents