SanlamAllianz Officially Becomes Uganda’s Second-Largest General Insurer as Market Gap with Old Mutual Narrows Sharply SanlamAllianz’s merger-fueled surge has rewritten Uganda’s non-life league table, vaulting it to number two with 19.8% share and just 1.4 points behind Old Mutual. Stronger earnings and lower claims signal real momentum, but Q4 government renewals will decide whether this new heavyweight can seize the crown before year-end numbers finally settle.

The newly merged SanlamAllianz Uganda has officially become the country’s second-largest general insurer. Market performance report for the 2025 third quarter by Insurance Regulatory Authority (IRA) shows that the merged entity, resulting from the union of Sanlam General and Jubilee Allianz, which was formally licensed in August 2025, has immediately reshaped the structure of Uganda’s non-life insurance market. IRA data shows that SanlamAllianz now holds 19.8% of the general insurance market, with UGX 173.33 billion in gross written premiums. This places it just behind long-time market leader Old Mutual, which posted UGX 185.88 billion and a 21.2% market share. As…