non 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
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

 

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