Insurance

The State of Uganda’s UGX1.425 Trillion Insurance Industry

by Muhereza KyamuteteraIndustry & AnalysisThe Big StoryJune 16, 2023June 16, 2023

Uganda’s Insurance Regulatory Authority (IRA) has released the official 2022 report detailing the performance of the insurance industry, showing that the sector remained on a growth trajectory in the year 2022, with Gross Written Premium (GWP) growing from UGX 1.183 trillion in 2021 to UGX 1.425 trillion in 2022⏤ a…

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Stanbic Bank and Prudential Uganda to launch Health Insurance Product for Stanbic Bank Clients

by Muhereza KyamuteteraCompany NewsFinanceNews & AnalysisThe Big StoryDecember 9, 2021December 9, 2021

Stanbic Bank and Prudential Uganda are set to launch a health insurance product for Stanbic Bank clients, to protect their savings so that in the event of an illness or medical emergency they don’t have to spend out of pocket.This product, which will officially be launched in January 2022, was…

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Q&A: Everything you need to know about buying insurance from PostBank Uganda

by CEO ReporterCompany NewsFinanceThe Big StoryThought LeadershipAugust 10, 2021August 10, 2021

When did PostBank Uganda launch Bancassurance on the product portfolio and how has it changed the bank’s fortunes?PostBank was licensed to transact Bancassurance as an agency for partner insurance companies in the last quarter of 2018 after meeting all the requirements of both regulators – Insurance Regulatory Authority (IRA) and…

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Q&A: Becoming the No.1 Life Assurance Company in Uganda- the story of UAP Old Mutual Life Assurance

by Muhereza KyamuteteraThe Big StoryOctober 12, 2020October 14, 2020

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…

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175 years in Africa and 100 in E.Africa: The making of UAP Old Mutual, one of the region’s largest consolidated financial services groups

by Muhereza KyamuteteraFinanceThe Big StoryOctober 12, 2020October 12, 2020

Everyone always says, “Follow your dreams!” This is because, without dreams, we are nothing; life is depressing, there is no reason to wake up each day. Fulfilled dreams are often associated with good health, wealth, friends and happiness. Following your dreams and eventually living the life you’ve always wanted is however…

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How Sanlam General Insurance grew from the No.13 position to one of Uganda’s top 3 insurance companies, in just six years

by Muhereza KyamuteteraThe Big StoryAugust 26, 2020August 26, 2020

Although it is now slightly over 10 years since Sanlam, one of the 50 largest internationally active insurance groups and the second-largest in Africa, opened shop in Uganda as Sanlam Life, it is just about 6 years since Sanlam General Insurance (Sanlam GI) formally entered the Ugandan market.Sanlam GI’s entry was…

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Every great vision needs solid people: Meet IRA’s senior executives daring to drive insurance penetration to 1.4% by 2022

by Muhereza KyamuteteraCompany NewsAugust 24, 2020August 24, 2020

ALHAJ KADDUNABBI IBRAHIM LUBEGA Chief Executive Officer Alhaj Kaddunabbi Ibrahim Lubega is a Fellow and Certified Insurance Professional of the Australian and New Zealand Institute of Insurance and Finance (ANZIIF) with over 21 years hands-on experience in finance operations, regulations and supervision. He has passion for good governance, policy making,…

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Q&A: Uganda’s Insurance Industry is very solid; to withstand Covid-19 shocks — Insurance Regulator’s Alhaj Kaddunabbi

by Muhereza KyamuteteraQ + AsThe Big StoryAugust 24, 2020September 14, 2020

Uganda’s insurance industry has grown quite significantly, nearly touching the UGX1 trillion in premiums mark in 2019- what are some of the key highlights of this growth?First of all, in general, I must say, for the period I have been at the helm of the Insurance Regulatory Authority (IRA), the…

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Sanlam Life’s 2019 profits grow 375% amidst a very competitive insurance market

by Muhereza KyamuteteraCompany NewsThe Big StoryJuly 28, 2020July 28, 2020

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,…

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Britam insurance new CEO promises to revolutionise industry

by theceomaThe Big StoryMarch 6, 2014May 8, 2024

By Patrick Kagenda  Shortly after the Britam Board of Directors holding their general meeting in Kampala and appointing a new CEO for their Uganda field in a bid aimed at strengthening Britam`s position in Uganda, Britam insurance`s new CEO Alan Mafabi is talking tough on how he is set to…

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