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March 31, 2026
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    ICEA Lion General

    A photo collage of Old Mutual managing director Stephen Chikovore and SanlamAllianz General Insurance chief executive officer Ruth Namuli. SanlamAllianz’s licensed merger has propelled it to Uganda’s second-largest general insurer, capturing 19.8% market share and closing within 1.4 points of Old Mutual in Q3 2025 after years of dominance.

    SanlamAllianz Officially Becomes Uganda’s Second-Largest General Insurer as Market Gap with Old Mutual Narrows Sharply

    Muhereza KyamuteteraThe Big StoryDecember 3, 2025December 3, 2025

    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…

    Ambrose Kibuuka, CEO of ICEA Lion General, says Uganda’s insurance growth will come from disciplined underwriting, tech-driven innovation, and winning trust by bringing the uninsured majority, especially the informal sector, into coverage.

    ICEA’s Ambrose Kibuuka on insurance mergers, e-mobility risks, tech-driven innovations – dominance of general insurance and dealing with low uptake

    CEO East Africa MagazineThe Big StoryNovember 27, 2025November 27, 2025

    In Uganda’s fast-evolving insurance market, questions of trust, innovation, and growth remain central. The insurance industry has been expanding, attracting bigger regional players and new products, but challenges of low…

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    CEO East Africa
     
    Thought Leadership
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      • East Africa
      • Investigations & Special Reports
      • Economy & Policy
      • Markets & Money
      • Global News
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      • Executive Profiles
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      • 100 Leading & Admired CEOs
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