Q&A: Becoming the No.1 Life Assurance Company in Uganda- the story of UAP Old Mutual Life Assurance In 2013, following the statutory demerger of Life and Non-Life insurance businesses, UAP Old Mutual Life Assurance (U) Limited became the first Company to demerge and form a separate fully-fledged life assurance company in September. Since then, the company has grown from the fourth industry position with about 11.4% market share of the Gross Written Premiums to Uganda’s largest life assurance company with an 18% market share and nearly 8 times the GWP. Harrison Gongo, a distinguished insurance professional who has spent all his working life- precisely over 16 years, in the insurance industry across East Africa joined the business in November 2019 from UAP Old Mutual Kenya Life, where he was the Operations Manager, to head the firm’s next phase of growth. In this interview with CEO East Africa’s Muhereza Kyamutetera, the University of Nairobi, Bachelors of Commerce (Insurance and Risk Management) graduate, shares the company’s formula for success and the future.

Harrison Gongo, UAP Old Mutual Life Assurance Managing Director

Muhereza KyamuteteraOctober 12, 2020October 14, 2020

For starters, do share with us a brief profile of UAP Old Mutual Life Assurance (U) Limited, your product suite, and what makes you stand out from the rest? UAP Old Mutual Life Assurance (U) Limited was part of a composite company of UAP Insurance Uganda Limited that was incorporated in 1971 and started underwriting general insurance business the same year in Kampala. The Company survived through the years despite the difficult political and economic situations in the country then. The Company has grown over the years and is now one of the largest insurers in Uganda by market share….

This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!