Jubilee Holdings Limited has announced a major restructuring of its Ugandan operations following the approval of the Insurance Regulatory Authority of Uganda (IRA) to amalgamate its two subsidiaries—Jubilee Health Insurance Company of Uganda Limited (JHICU) and Jubilee Life Insurance Company of Uganda Limited (JLICU).
Under the approved arrangement, the new business will operate under a single entity: Jubilee Life Insurance Company of Uganda Limited (JLICU).
The decision, the company said, follows a comprehensive internal review of its Ugandan portfolio and is aimed at boosting efficiency, improving customer experience, and strengthening its market leadership position in one of East Africa’s fastest-evolving insurance landscapes.
According to Jubilee Holdings, the merger will not affect customers’ existing contracts.
All current policies remain valid, and all assets, liabilities, and policy obligations of Jubilee Health Insurance Company of Uganda Limited will be transferred to the continuing entity, JLICU.
The company assured clients, partners, and staff of uninterrupted operations during the transition period.
Speaking during the announcement, Jubilee Holdings Chairman Zul Abdul said the move reflects the Group’s long-standing commitment to innovation and superior customer service.
“For nearly nine decades, Jubilee Holdings has adapted to industry changes to remain the trusted insurer of choice across East Africa,” Mr. Abdul said.
“We will ensure uninterrupted service throughout this transition and continue to offer innovative, affordable, and relevant insurance solutions that meet the evolving needs of individuals, families, and businesses in Uganda and beyond.”
Stanbic’s Five-Year Scorecard: How Profit Growth, Deposits, Lending and Dividends Reshaped PerformanceMr. Abdul added that the integration was undertaken with the customer at the centre of the decision-making process, and is expected to deliver significant value across the business.
“By integrating our Health and Life businesses in Uganda, we are building a stronger, more resilient organization that will drive operational efficiencies and improve revenue generation. Our customers will benefit from a seamless experience, while our shareholders can expect continued financial stability and long-term profitability,” he said.
Jubilee Life Insurance Company of Uganda Chairman Juma Kisaame welcomed the amalgamation, noting that it comes at a particularly opportune time for Uganda’s insurance industry.
The sector continues to register steady expansion, driven by rising demand for long-term insurance products, integrated health offerings, and growing financial literacy.
“This is a timely and necessary step for our business and for the Ugandan market,” Mr. Kisaame said. “The integration strengthens our capacity to serve customers with better coordination and clearer processes. It equips us with the combined strengths needed to respond more effectively to changing consumer needs and the growing demand for comprehensive protection solutions.”
Jubilee Holdings reiterated its commitment to full transparency and regulatory compliance throughout the transition and said it will continue to engage all stakeholders—customers, employees, intermediaries, and regulators—to ensure a smooth and efficient process.
The amalgamation reinforces Jubilee’s long-term strategy of consolidating its market influence, enhancing operational efficiency, and accelerating innovation within Uganda’s insurance sector.
It also positions the Group to respond more effectively to a competitive industry that is increasingly shifting toward integrated health, life, and long-term financial protection solutions.
