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The Sanlam Life Insurance Uganda Chief Executive Officer, Gary Corbit has clarified about the legal status of Sanlam’s existing Family Protection Plan product, noting that its still on course, and policyholders’ contracts and their acquired rights have not been affected by the suspension of the policy from Insurance Regulatory Authority (IRA). “We would like to assure you that Sanlam Life Insurance Uganda Limited management is currently in discussions with the regulator to ensure that our valued customers and partners continue to have access to and benefit from our comprehensive family protection insurance solution available to families in Uganda,” Mr Corbit…
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Insurance guru Gary Corbit, previously the Chief Executive Officer at Sanlam General Insurance has been reassigned to the Chief Executive role at Sanlam Life Insurance. Gary joined Sanlam Life Insurance Uganda in March 2022. As Chief Executive, his role involves running the company’s strategy and allocating capital and people resources to deliver on the strategy. An experienced and hands-on Chief Executive, Gary is known for transforming Sanlam General Insurance from the 14th position to the 2nd position (based on Net Earned Premium), all in 7 years. He also grew Sanlam General’s asset book from UGX9.3 billion in 2015 to UGX147…
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Sanlam Life Insurance Uganda has dismissed as “malicious”, allegations, that its Chief Finance Officer, Anthony Gitonga Kirimi, fraudulently transferred money, amounting to UGX3.5 billion for his private benefit, as has been alleged by some local news websites. In a 13th August 2021 statement received by CEO East Africa Magazine from the Sanlam Group’s communication, the pan-African financial services group said that after an audit into Sanlam Life Uganda’s books by the Group auditors, there was no evidence of the alleged fraud. “The Sanlam Group Internal Audit team conducted an audit to determine the veracity of recent unverified media reports alleging…
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Sanlam Life Uganda, the life insurance arm of insurance giants, Sanlam, has announced a 375 percent growth in its operating profit for the fifth straight year. In results published last week, Sanlam Life reported, that its profit after tax for 2019 grew from UGX881 million in 2018 to UGX3.31 Billion, on the back of a 133 percent growth in net assets from UGX10.2 billion in 2018 to UGX13.5 billion. Sanlam also registered a 13.2 percent growth in gross underwritten premiums from UGX35.2 billion to UGX39.8 billion in the same period. The insurance company, which came to the Ugandan market only…
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Kampala, 14 April 2020 – Insurance and financial services provider, Sanlam Uganda, has donated UGX285 million (US$75,000) to the Government of Uganda’s National Response Fund for COVID-19. The fund was set up to help combat the global pandemic and its effects on the country. Sanlam Uganda is an umbrella brand that comprises Sanlam General Insurance Uganda, Sanlam Life Insurance Uganda and Sanlam Investments East Africa Ltd. The financial contribution, which was donated by the three companies as part of their Corporate Social Investment (CSI) programme, will go towards the purchase of protective wear for frontline health workers, including face masks,…
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