Bancassurance Archives

The Bancassurance Surge: Are Banks Quietly Eating Insurance Brokers’ Bread?

I recently walked into an Absa Bank branch in Lugogo for what was supposed to be a routine business conversation. While I waited, a pleasant, smooth-talking lady approached me with a simple

March 16, 2026

Business & Markets·Insurance·The Big Story

Anthony Lubandi, Managing Director, NIC Life Assurance Company Limited.

Discipline over Scale: How Anthony Lubandi Is Positioning NIC Life for Uganda’s Next Insurance Phase

In Uganda’s evolving insurance landscape, leadership increasingly demands more than technical competence. It requires governance discipline, capital prudence, and long-term thinking. At NIC Life Assurance Company Limited, Managing Director Anthony Lubandi believes

February 28, 2026

News & Analysis

From top row: A photo collage of Alhaj Dr. Kaddunabbi Ibrahim Lubega- CEO of the Insurance Regulatory Authority (IRA) of Uganda, Ruth Namuli- CEO of SanlamAllianz General Insurance Uganda, Stephen Chikovore- the outgoing CEO of Old Mutual General Insurance Uganda, Paul Kavuma- Country Head of Operations, Liberty Uganda, Fiona Magezi- Managing Director of OLEA Uganda, Nicholas Lutakome- CEO of MUA Insurance, Alexander Mukasa- CEO of SanlamAllianz Life Uganda, Nassuna Christine- Managing Director of AAR General Insurance Uganda and Mr. Zul Abdul- Jubilee Holdings Chairman.

Uganda’s insurance industry in 2025: A year of growth, consolidation, and reckoning

There are years when an industry grows quietly, and then there are years when it changes character. For Uganda’s insurance industry, 2025 was unmistakably a change of character. Viewed from the numbers

December 30, 2025

Banking & Financial Services·The Big Story

A photo collage of IRA CEO, Alhaj Dr. Kaddunabbi Ibrahim Lubega and AAR General Insurance MD, Nassuna Christine.

IRA approves AAR General Insurance to join Uganda’s competitive non-life market

The Insurance Regulatory Authority of Uganda has given the green light for AAR General Insurance Uganda Limited to write non-life business in the country, formalising a move the AAR Group has long

November 27, 2025

Banking & Financial Services·The Big Story

Bank CEOs dominating Banccasurance sector. From top left: Absa Bank Acting MD David Wandera, Stanbic Bank new CEO Mumba Kalifungwa, Centenary Bank MD Fabian Kasi, Equity Bank MD Gift Soko, and dfcu Bank MD Charles Mudiwa.

Meet the Big Bankers Bossing the Bancassurance Sector

Beyond the conventional channels of writing insurance premiums, insurers have also built a new revenue stream of bancassurance through which they partner with banks to recruit new policyholders. During the three months

March 4, 2025

Banking & Financial Services·News & Analysis·The Big Story

The Insurance Regulatory Authority boss, Alhaj Kaddunabi Ibrahim Lubega

Policy covers generating the most income for insurance companies

Insurance gross written premiums grew by 12.04%, increasing by at least UGX 192.4 billion in the three months to December 2024. Details contained in the Insurance Regulatory Authority (IRA) Market Performance Report

March 3, 2025

The Big Story

Prudential Uganda and Standard Chartered Bank Partner to provide bancassurance solutions in Uganda

Prudential Uganda and Standard Chartered Bank Uganda have announced a transformative partnership aimed at expanding financial inclusion and enhancing access to financial protection solutions in Uganda. This collaboration marks a significant milestone

October 8, 2024

Company News·News & Analysis·The Big Story

INTERVIEW: PostBank is ready to support farmers and agri-businesses through the second farming season- Julius Akais

Julius AKais, PostBank’s Supervisor Agriculture and Partnerships speaks to CEO Magazine on how the bank through its credit channels is set to support farmers and agricultural businesse, as the bank continues to

July 27, 2024

Business & Markets·Executive Profiles·The Big Story

Insurance Regulatory Authority (IRA) Chief Executive Officer, Alhaj Kaddunabbi Ibrahim Lubega

The State of Uganda’s UGX1.425 Trillion Insurance Industry

Uganda’s Insurance Regulatory Authority (IRA) has released the official 2022 report detailing the performance of the insurance industry, showing that the sector remained on a growth trajectory in the year 2022, with

June 16, 2023

Business & Markets·The Big Story

Sheila Sabune, the Chief Commercial Officer at Prudential Uganda (left) and Dogo Singh, the Head of Bancassurance at Stanbic Bank Uganda

Stanbic Bank and Prudential Uganda to launch Health Insurance Product for Stanbic Bank Clients

Stanbic Bank and Prudential Uganda are set to launch a health insurance product for Stanbic Bank clients, to protect their savings so that in the event of an illness or medical emergency

December 9, 2021

Banking & Financial Services·Company News·News & Analysis·The Big Story