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TodayTuesday, May 05, 2026

life insurance Uganda

A photo collage of top-performing Bank CEOs in Bancasurrance: From left to right; Stanbic Bank CEO, Mumba Kalifungwa, Centenary Bank Managing Director, Fabian Kasi, and Absa Bank Uganda CEO, David Wandera.

Stanbic, Absa and Centenary Control Nearly Half of Uganda’s Bancassurance Market as Premiums Top UGX 302 Billion

The bancassurance market is increasingly consolidating around a small group of dominant lenders, with Stanbic, Absa and Centenary emerging as the leading distributors of insurance through banking channels. The Insurance Regulatory Authority
March 13, 2026
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Uganda insurance industry titans: From top left: Eugine Mutekhele, Deputy Chief Executive Officer, Jubilee Insurance Uganda, Tetteh Ayitevie, Chief Executive Officer, Prudential Uganda, Ruth Namuli, Chief Executive Officer of SanlamAllianz General Insurance Uganda, Andrew Makumbi. Acting Managing Director & Chief Finance Officer, Old Mutual Insurance Uganda.

Insurance Premiums Hit UGX 2.03 Trillion as Jubilee and Prudential Lead Life, SanlamAllianz and Old Mutual Dominate Non-Life

The insurance industry closed the fourth quarter of 2025 with gross written premiums of UGX 2.02 trillion, representing a 14.8% growth from UGX 1.76 trillion in the same period of 2024. While
March 13, 2026
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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
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A photo collage of top-performing Bank CEOs in Bancassurance. Stanbic Bank CEO, Mumba Kalifungwa, Centenary Bank Managing Director, Fabian Kasi, and Absa Bank Managing Director, David Wandera.

Stanbic, Centenary and Absa Dominate Uganda’s Q2 2025 Bancassurance League Tables

Uganda’s bancassurance sector closed the second quarter of 2025 with Stanbic Bank, Centenary Bank, and Absa Bank securing commanding positions at the top of the market in both life and non-life insurance
August 27, 2025

 

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