Our Structure
SICOM Group enjoys a solid reputation as a well-managed, well-structured reputable and trusted organisation, with 6 major shareholders.
Shareholders
-
National Pensions Fund
23% -
Sugar Insurance Fund Board
20% -
SBM Holdings Ltd
20% -
Port Louis Fund Ltd
12.5% -
State Investment Corporation Limited
12.5% -
National Investment Trust Ltd
12%
-
-
National Pensions Fund
23 % -
Sugar Insurance Fund Board
20 % -
SBM Holdings Ltd
20 % -
Port Louis Fund Ltd
12.5 % -
State Investment Corporation Limited
12.5 % -
National Investment Trust Ltd
12 %
Shareholders
Our Companies
SICOM Group enjoys a solid reputation as a well-managed, well-structured reputable and trusted organisation, with 5 Companies and 2 Unit Trusts.
-
State Insurance Company of Mauritius Ltd
- SICOM General Insurance Ltd
-
SICOM Financial Services Ltd
- SICOM General Fund Ltd
- SICOM Overseas Diversified Fund Ltd
- SICOM Global Fund Ltd
- SICOM Management Ltd
- SICOM Properties Ltd
About our companies
Set up as a parastatal body in 1975 to provide insurance services such as Actuarial Valuations and Management of Pension Schemes to government and other parastatal institutions, the State Insurance Company of Mauritius Limited (SICOM) was privatized in 1988. It operates as a public company under the Companies Act with state owned bodies/organization as major shareholders.
Since its creation in 1975, SICOM has been dynamic and continuously strived to expand its range of activities so as to increase the value and profitability of the Company. In view of new diversification opportunities, the State Insurance Corporation of Mauritius started underwriting General Insurance in 1978 and Life Assurance and Motor Insurance in 1980.
In 1998-1999, SICOM Global Fund Ltd, SICOM Management Ltd and SICOM Financial Services Ltd (SFSL) were created to consolidate the SICOM Group financial position and open new avenues towards globalisation.
SICOM transacts long term business and is ranked amongst one of the top life insurance companies in the island. SICOM is also amongst the leaders in Managed Pensions business in Mauritius.
The company has extended and diversified its service lines over the years with a range of loan schemes to assist Mauritian families for their housing and other personal projects.
Our Business Registration Number is C07007065 and our registered office and place of business is situated in SICOM Building, Sir Célicourt Antelme Street, Port Louis, Mauritius.
SICOM General Insurance Ltd (SICOM GIN) is a wholly-owned subsidiary and
member of the SICOM Group. SICOM GIN started its operations on 1st
July 2010 in conformity with the Insurance Act 2005, taking over the
General Insurance Business which had until then been transacted under
SICOM.
SICOM GIN thus benefits from the legacy of more than 40
years' experience in this line of business and currently, transacts all
types of general insurances. We also share common values and objectives
as the parent company and will maintain these values and high standards
of customer service.
SICOM GIN is engaged in short-term
insurance and provides a variety of Insurance services for both
Individuals and Corporates, ranging from Motor vehicle insurance, Home
Insurance, Travel Insurance to the Protection of Property and People
against the widest range of risks and liabilities.
We also provide insurance covers in relation to specialised risks and tailor-made covers according to your requirements.
Our
Business Registration Number is and C10094766. Our registered office
and place of business is situated, on Level 2, SICOM Building, Sir
Célicourt Antelme Street, Port Louis, Mauritius.
SICOM Financial Services Ltd (SFSL) is a wholly-owned subsidiary and
member of the SICOM Group. It is a public company incorporated in
Mauritius on the 28th December 1999 and it started its operations on
26th April 2000.
SFSL, the financial arm of the company,
provides Lease and Deposit Taking services to corporate and individual
customers at competitive rates and holds a deposit taking licence as a
Non-Bank Financial Institution. It also manages two funds constituted
under the SICOM Unit Trust, namely the SICOM General Fund and the SICOM
Overseas Diversified Fund.
Our Business Registration Number is
C07023531 and registered office and place of business is situated in
SICOM Building, Sir Célicourt Antelme Street, Port Louis, Mauritius.
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SICOM Management Ltd was incorporated in the Republic of
Mauritius on 30 June 1998 and started operations in December 1999. The
Company is licensed by the Financial Services Commission and its
activity is to provide investment management services.
Our Business Registration Number is C09021016.
SICOM Global Fund Ltd was incorporated in the Republic of Mauritius on 30 June 1998 and started operations in December 1999. The principal business activity of the Company is to operate as a Collective Investment Scheme and as an Expert Fund. The Company is licensed by the Financial Services Commission.
Our Business Registration Number is C09021077.