# Eswatini Royal Insurance Corporation

Eswatini Royal Insurance Corporation is an Insurance based in Mbabane, Eswatini.

## Overview

- **Organization type:** Insurance
- **Headquarters:** Mbabane, Eswatini
- **Region:** Africa
- **Address:** Mbabane, Eswatini
- **Founded:** 1973
- **Assets under management:** Undisclosed
- **Website:** esric.co.sz
- **LinkedIn:** https://www.linkedin.com/company/swaziland-royal-insurance-corporation

## Regulatory record

- **Reports private funds:** No

## About

Swaziland Royal Insurance Corporation is a Mbabane-based insurance company with approximately $185.83 million in assets. It operates primarily in Africa.

## Sectors

- Real Estate
- Insurance

## People

- Zama Ngcobo — General Manager
- David Dlamini — Chairman of the Board

## Questions

### Who runs investment decisions at Eswatini Royal Insurance Corporation?

General Manager Zama Ngcobo leads the executive team. The board is chaired by David Dlamini, who also serves as Chairman of the Eswatini Revenue Service. Specific CIO or investment committee structures are not publicly disclosed.

### How is ESRIC structured in terms of ownership?

The Government of Eswatini is the majority shareholder with 51%. Tibiyo Taka Ngwane, the Eswatini national trust, holds a significant stake alongside strategic international shareholders Munich Reinsurance Company and Swiss Reinsurance Company.

### What is ESRIC's relationship with the Eswatini government?

ESRIC is 51% government-owned and was established by legislation to provide insurance coverage to individuals and industries in Eswatini. Board Chairman David Dlamini's concurrent role at the Eswatini Revenue Service further illustrates the institutional ties between the insurer and state fiscal infrastructure.

## Related profiles

- [Sway Capital](https://altss.com/profile/sway-ventures)
- [SWC Global](https://altss.com/profile/swc-global)

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Last updated: 2026-06-03T20:00:00.000Z

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