Overview:
According to the public notice issued by the IRA, the merger will see Jubilee Allianz fully integrated into Sanlam Uganda, in accordance with the Insurance Act (Cap. 191). Public documents detailing the amalgamation were made available for inspection between April 14 and May 14, 2025, at both companies’ offices in Kampala.
The Insurance Regulatory Authority of Uganda (IRA) has officially approved the merger between Sanlam General Insurance and Jubilee Allianz General Insurance, marking a major turning point in Uganda’s insurance industry.
This merger is one of the most significant consolidations the market has seen, combining the strengths of two major players into a single, more formidable force.
According to the public notice issued by the IRA, the merger will see Jubilee Allianz fully integrated into Sanlam Uganda, in accordance with the Insurance Act (Cap. 191). Public documents detailing the amalgamation were made available for inspection between April 14 and May 14, 2025, at both companies’ offices in Kampala.
The union is expected to reshape the competitive landscape of Uganda’s general insurance market. Sanlam brings deep-rooted knowledge of the local market, while Jubilee Allianz contributes broad regional experience and global operational standards.
Together, the merged entity is anticipated to enhance underwriting capacity, diversify its product offerings, and improve service delivery. This consolidation also reflects a wider trend of strategic mergers across East Africa aimed at strengthening financial resilience, increasing customer reach, and fostering innovation.
Industry observers note that this development will likely benefit consumers by offering more tailored insurance solutions and supporting the drive for financial inclusion in an underinsured market. The collaboration between Ruth Namuli, CEO of Sanlam Uganda, and Paul Kavuma, CEO of Jubilee Allianz, is seen as a strategic blend of local insight and global best practices, positioning the new entity to thrive in an increasingly competitive and digitally transforming industry.
As integration moves forward, attention will turn to harmonizing corporate cultures, systems, and customer service models, setting the stage for a more dynamic and responsive insurance provider in Uganda.