UGANDA
UGANDA
Uganda Alert

Together We Are Bigger and Better Than Ever Before.

The operations of Jubilee Allianz General Insurance Uganda and Sanlam General Insurance Uganda Limited have been combined to form a single general insurance company. We are currently situated at Plot 60 Prince Charles Drive.

The combination of Sanlam General Insurance and Jubilee Allianz General Insurance provides an even wider range of products as well as better service to meet your insurance needs. Therefore, contact us to explore the ways in which our comprehensive and bespoke financial solutions can help institutional clients and consumers from all market segments achieve financial independence and full business success.

Established in 1918 as a life insurance company, Sanlam has evolved into the largest non-banking financial services group in Africa through its diversification strategy. Headquartered in South Africa the Group has a business presence in 26 countries in Africa, as well as in India, Malaysia and the United Kingdom and has business interests in the USA, Australia, the Philippines, and Lebanon. The Sanlam Group has a market capitalization of US$10.35 billion, a total asset under management (AUM) of approximately US$78.82 billion, 23,926 employees in South Africa, and 125,163 employees globally, as of 31 December 2024.

To find out more about our business and personal insurance solutions, visit Sanlam Uganda General Insurance.

Frequently Asked Questions

Rationale and transaction

  • Sanlam GI and Jubilee Allianz in Uganda have received the Regulator’s approval to merge their businesses in the General Insurance sectors. Other regulatory and legal processes are underway to formalise the amalgamation to enable the two companies to operate as one entity.
  • Since the announcement, Sanlam GI and Jubilee Allianz in Uganda have been working towards receiving all the requisite regulatory approvals to merge.
  • Plans are underway to streamline operating processes and procedures for the merged entity, as well as finalise the relocation of selected offices including the head offices.
  • The parties (Sanlam GI and Jubilee Allianz) have agreed to combine their current and future operations in Uganda to create a leading general insurance entity that serves its existing and future clients.
  • The amalgamation in Uganda will include the general insurance lines of business with target or selected products to be promoted during the rebranding process.
  • Sanlam GI and Jubilee Allianz bring a wealth of expertise and resources to the table, and the amalgamation is expected to have a significant impact on the industry.
  • Our combined strengths should create considerable value for all stakeholders through greater economies of scale, shared knowledge, a broader geographic presence, larger combined market share, and a more diversified product offering.
  • Through Sanlam GI and Jubilee Allianz’s presence and scale of business on the African continent, the proposed amalgamation should enable us to reach our joint goal, which is to be a top-three general insurance company in Uganda with the objective of becoming a true pan-African champion.
  • It should also enable us to create significant opportunities in numerous areas of the business, including:
    • Accelerated organic growth in our general insurance portfolio, and maintaining our focus in the General Insurance market.
    • Creating new products
    • Creating synergies in terms of our staff capabilities, product and services offerings, partnerships, and distribution channels
    • Optimising digitalisation
    • Built on our strong governance and compliance framework as well as risk management.
  • Key focus areas will be to:
    • Drive financial inclusion (focusing on the number of lives touched) by providing greater access to our products and services through digital innovation, as well as leveraging our telecommunication partnerships in Uganda.
    • Grow our general insurance business through product and service innovation (e.g. through alternative distribution platforms).
    • To be the reference general insurer for clients due to our strong commitment to client satisfaction.
  • All contracts issued by the two companies remain valid. We will continue to honour our commitments to you and to our customers in general, and we will continue to deliver the quality of service that Sanlam and Jubilee Allianz are known for globally.
  • Our merged entities combine the expertise and financial strength of two respected, well-known and best-of-breed brands.
  • As our valued client, you will have access to an extended range of best-in-class, innovative general insurance solutions and technical excellence. You will also benefit from a more diversified product offering, more advanced service delivery systems, enhanced skills and knowledge, and ultimately an enhanced client experience – from distribution to assistance – as our merged entity builds on a stronger ecosystem of partners.
  • We remain fully committed to honouring all our existing commitments. The creation of our merged entities will not affect our dedication to providing you excellent service.
  • Changes to service levels or pricing will be communicated to you based on the amalgamation's pricing strategy and value proposition. You remain valuable to us, and we want to assure you that we will continue to act according to your best interests.
  • The amalgamation will maintain communication and collaboration with clients to ensure a smooth transition and to address any concerns or questions.
  • The merged entity will have plans in place to mitigate any potential disruptions to services or products, and clients will be updated timeously.