Britam Insurance Company Limited

Britam Insurance Company Limited is a Nominee for the 2019 Uganda Responsible Investment Award (URI Award) slated for 22nd November 2019 during a High Level Uganda Responsible Investment Summit and Award Ceremony. The 2019 Uganda Responsible Investment Summit and Award Ceremony is organised by Public Opinions and Office of the Minister of State for Privatisation and Investment. The award is offered to Companies and organisations which promote and uphold International Best Standards and Practices and have made tremendous contributions towards attainment of Uganda Vision 2040 and the United Nations Sustainable Development Goals

Britam is a leading diversified financial services group, listed on the Nairobi Securities Exchange. The group has interests across the Eastern and Southern Africa region, with operations in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique and Malawi. The group offers a wide range of financial products and services in Insurance, Asset management, Banking and Property.

  • Our Mission : providing you with financial security every step of the way.
  • Our Vision : To be the leading diversified financial services company in our chosen markets across Africa.
  • Our Values : Respect , Integrity ,Innovation and Customer focus.

We aim to provide our clients, with an unmatched offering, ensuring first class solutions that help secure the future.

Britam was listed on the Nairobi Securities Exchange (NSE) on September 2nd 2011. It has over 25,000 shareholders. Investor Relations is a strategic management function that integrates finance, communication, marketing, the Capital Markets Act compliance and listing rules adherence to enable effective two-way communication between Britam, the financial community, and other constituencies, which ultimately contributes to a company's securities achieving fair valuation on the NSE. The department is devoted to handling inquiries from shareholders, investors,  buy side and sell side analysts as well as others who might be interested in the Britam share.

 

The Britam Foundation stands as a charity, a subsidiary of Britam, incorporated to solely focus on implementing our corporate social responsibilities. The Key objective of the Britam Foundation is to enrich the lives of marginalized peoples throughout Eastern Africa, by creating and contributing to the implementation of sustainable developmental solutions. We accept proposals for funding. To submit a proposal or find out how you can partner with Britam to contribute to sustainable development in the region, kindly see our Funding Guidelines :

What do we fund?

The Britam Foundation will consider general types of sponsorships that fall under the following categories:

  • Skills
  • Economic Empowerment
  • Water
  • Education
  • Health
  • Sports
  • Disaster Relief
  • Arts and Culture
  • Environmental Conservation

Who do we fund?

  • Projects to be implemented in the regions which we operate
  • Legally registered community groups or NGO’s

How to submit proposals?

Proposals should be submitted in writing through post or email to the attention of The Britam Foundation committee.

How and when are proposals appraised?

Frequency - All proposals are appraised by a committee that will sit in September each year before the preparation of the budgets. If a project is not viable due to budget constraints, the committee may wish to withdraw or push the project to the coming year(s).
Review criteria – The criteria used will be as outlined in the CSR policy and the areas that Britam foundation wishes to concentrate on.
Alignment to focus area of foundation – The foundation committee will only be mandated to review the proposals as outlined in the CSR framework.
Proposed objectives and activities – All proposed activities must be genuine and a report on the success of such activity must be prepared by the foundation committee.
Prospects of community engagement/ participation – Staff will be encouraged to participate in these projects as a sign of unity. The foundation committee will communicate any upcoming event/activity and encourage members of staff to participate. Sensitization of same to the community will be done in time to ensure participation. This is through advertisements, media campaigns, posters etc.
Budgets – All budgets will be reviewed during the main company planning budget and amounts allocated must be utilized for the purpose required.

What is the funding approval process?

The approval process for Britam foundation funding depends on the type of initiative for which the funds are requested for but must remain within the CSR framework already in force. The process will be as below:
Step one – Self-screening and pre-evaluation: Applicants complete an Eligibility Questionnaire to assess their eligibility for funding and or support, along with a Project Scorecard to assess the potential score of their application. This step is optional but strongly encouraged.
Step two – Application review: The Foundation committee will review all the applications and categorize them according to their needs. The committee will work with the applicants to gather any missing information within the established timelines.
Step three – Independent review: The foundation will escalate the proposals to an independent committee who will review and conduct background checks on the need for such support/funding. This will include reviewing projects which may be initiated by the foundation.
Step four – Funding/support recommendation: Each month, the foundation committee reviews and compares applications that have been independently reviewed and have undergone credibility assessment. There are some factors to be considered while making their recommendation, such as:
  • Availability of funds and time
  • Scope as per CSR framework
  • The score given by the foundation committee and the independent team.
Step five – Approval and notification: Britam Foundation Committee (BFC) approves funding/support applications on the recommendation of the teams reviewing, conditional on satisfactory due diligence conducted by the Independent team and on contract signature. The marketing team notifies successful applicants of the outcome and required next steps.
There is need to note that only the best and deserving projects will be supported. The Foundation will reserve the right to partially fund/support projects.
 
Who approves?
The Foundation will constitute a committee headed by the Foundation Director which will analyze the need and highlight the worthy cause to be funded.
Approval limits will be based on the CSR policy in force.
 
BRITAM INSURANCE COMPANY

telephone+256 312 305 600   Mobile +256 417 702 600  Website www.britam.com/uganda