How Sanlam General Insurance grew from the No.13 position to one of Uganda’s top 3 insurance companies, in just six years

Although it is now slightly over 10 years since Sanlam, one of the 50 largest internationally active insurance groups and the second-largest in Africa, opened shop in Uganda as Sanlam Life, it is just about 6 years since Sanlam General Insurance (Sanlam GI) formally entered the Ugandan market. Sanlam GI’s entry was via a larger April 2014, acquisition of 49 percent of NICO Holdings’ general insurance business across in Malawi, Zambia, Tanzania and Uganda by Sanlam Emerging Markets (SEM), that saw Sanlam acquire a majority stake in Niko Insurance Uganda a subsidiary of NICO Holdings. At the time, NIKO just had…