Uganda bancassurance

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
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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