For starters, do share with us a brief profile of UAP Old Mutual Life Assurance (U) Limited, your product suite, and what makes you stand out from the rest? UAP Old Mutual Life Assurance (U) Limited was part of a composite company of UAP Insurance Uganda Limited that was incorporated in 1971 and started underwriting general insurance business the same year in Kampala. The Company survived through the years despite the difficult political and economic situations in the country then. The Company has grown over the years and is now one of the largest insurers in Uganda by market share….
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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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