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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…
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Uganda’s insurance sector has for long been viewed as a male-dominated sector, however, the last decade has seen more women rise into leadership ranks. On this Women’s Day, the CEO Magazine profiles some of the exceptional female leaders making meaningful contributions and major career accomplishments. Sophie Nkuutu | UAP Old Mutual Life Assurance chairperson Mrs Nkuutu chairs the board of one of most profitable insurance companies in the life category in Uganda. UAP Old Mutual is the second largest insurance company in the life category with a market share of 17.9%. She has over 25 years of experience in…
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The insurance sector has continued to be pivotal in the financial sector. However, it is largely dominated by a few companies with the largest share of premiums written by just 10 companies for both non-life and life insurance. Under non-life, at least 58.9% of premiums are generated by five companies, while another five generate more than 88.5% of life premiums, according to data from the Insurance Regulatory Authority (IRA). IRA Market Performance Report for the three months to December 2024 indicates that the insurance sector has about 31 companies, of which 20 are non-life, while eight and three are life…
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Jubilee Health Insurance has launched its wellness program dubbedMaisha Fiti in the Ugandan market, marking a significant step towards the company’s commitment to promote the physical and mental well-being of its customers. Maisha Fiti will empower customers to take charge of their preventive and curative health. The program will also create a community for users to interact with peers and medical professionals on various topical issues such as nutrition, lifestyle management, maternal and mental health among others. In recent years, the society has witnessed a concerning rise in diseases and conditions that can be directly attributed to lifestyle choices. The…
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