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TodayThursday, May 07, 2026

Jubilee Life

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.
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

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
December 3, 2025
Left-Right: Jubilee Life CEO, Sumit Kumar; Chief Operations Officer, Dorcus Kuhimbisa  and Financial Literacy Coach, Sharon Tumushabe at the launch of the Jubilee Smart Save Plan.

Government urged to incentivise insurance to boost uptake

In Uganda, where economic stability is often precarious, the need for a strong culture of saving and insurance is more critical than ever. However, the uptake of insurance products remains significantly low
June 27, 2024
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