The insurance landscape in Uganda is on the verge of a dramatic transformation following the recent approval by the Insurance Regulatory Authority (IRA) of Uganda of a merger between two formidable global entities: South African insurance giant Sanlam and Jubilee…
When global insurance giants shake hands, the tremors are felt far beyond boardrooms, reshaping markets and perceptions across entire economies. In East Africa, and particularly in Uganda, the Sanlam–Jubilee Allianz merger has done precisely that. Quietly finalised and operationalised in…
Uganda’s insurance sector is set to undergo a significant transformation after Sanlam General Insurance (Uganda) and Jubilee Allianz General Insurance officially announced their amalgamation, following approval from the Insurance Regulatory Authority (IRA) of Uganda. This strategic consolidation marks a pivotal…
UAP Old Mutual has registered impressive growth and a record market leadership, according to the recently released Financial Statements for the year ended 31st December 2021. Regardless of the low insurance penetration (below 1% mark for years), UAP Old Mutual…
UAP Old Mutual insurance company has seen its net profit nearly double from Shs 9.7billion in 2020 to Shs 17.2billion last year driven by increase in gross written premiums, better claims and expense management. The insurer, which owns 45% of…