Nicoz Diamond Insurance Limited

NicozDiamond is a publicly owned company, headquartered in Harare, Zimbabwe and is listed on the Zimbabwe Stock Exchange.

  • NicozDiamond is the largest short-term insurer by assets and earnings
  • The only list short-term insurer
  • A-Rating for claims paying ability
  • ISO 9001-2008 certified
  • Its brand is consistently one of the most recognised in Zimbabwe
  • NDI 5 branches in Zimbabwe, regional operations in Uganda, Malawi, Zambia and Bancassurance arrangements with 5 banks


To be a highly visible and preferred provider of innovative risk solutions in our chosen markets.


To provide superior risk solutions underpinned by a highly competent, innovative and dedicated team for the benefit of all stakeholders.

Core Values

  • Professionalism – To be a trustworthy, competent, respectful, considerate and acting with integrity
  • Accountability – Have authority, responsibility, ownership, and meet stakeholders expectations and transparency
  • Teamwork – Have shared purpose to achieve common goals
  • Innovation – Doing something differently, adding value and being cost-effective, continuous improvement and new ideas
  • Excellence – Being the best, have the art of mastering and should have superior quality.

Branch Network

  • Bulawayo
  • Gweru
  • Masvingo
  • Mutare
  • Chinhoyi
  • Stanbic Bank
  • Zimpost

Regional Operations

  • First Insurance Company (FICO)
  • Diamond General Insurance (DGI)
  • Diamond Seguros, Mozambique
  • United General Insurance (UGI)


The National Insurance Company of Zimbabwe (NICOZ) was formerly known as NEM before its acquisition by ZIMRE in 1988. Pearl General Insurance Company (Private) Limited was incorporated in 1979, before changing its name to Diamond Insurance company in 1994 when Pearl Assurance Plc of the United Kingdom sold its business interests in Zimbabwe. On 1 January 2002, NICOZ and DIAMOND merged to form NicozDiamond (NDI) and subsequently listed on the Zimbabwe Stock Exchange in the same year.

NicozDiamond (NDI) is the leading Short-term Insurance Company and only short term insurer listed on the Stock Exchange. The Company is known for its excellence in service and listening to the valued clients. NDI has branches in all major towns. The NicozDiamond brand has spread its wings to have its presence in Zambia, Malawi and Uganda. The company also prides itself in being the only ISO certified short-term insurance company in Zimbabwe, having attained such certification in 2006.


  • ISO 9001-2008 Certified
  • Only listed short term insurer
  • A-Rating for claims paying ability
  • Runner-up Best Performing Insurance Counter – Quoted Companies Survey
  • ZNCC Accolades
  • ZIM Accolades
  • Presence in the Region
  • Largest Capital Base

Products and Services

  • Motor Vehicle Insurance
  • Home Plan Insurance
  • Accident Insurance
  • Golfer’s Plan Insurance
  • Travel Insurance
  • Commercial Insurance
  • Marine & Aviation Insurance

Recent Developments

  • Successfully Re-capitalised
  • Re-certified to ISO 9001-2008
  • Rated A- for claims paying ability
  • Widened the distribution channel through non traditional distribution channels such as Banks (3 new Bancassurance arrangements) and agents