The Insurance Regulatory Authority of Uganda (IRA) hails the merger of Sanlam General Insurance and Jubilee Allianz, ushering in a new era with the creation of SanlamAllianz General Insurance.
The merger, officially approved by the IRA in August 2025, brings together the strength, expertise, and extensive market experience of two major players in the sector.
Speaking at the official unveiling of the new brand, IRA Chief Executive Officer Alhaj Dr. Kaddunabbi Ibrahim Lubega described the merger as a significant milestone in the sectors landscape, “This kind of strategic partnership reflects maturity of the market and commitment of insurers to deliver more value to the policyholders.” He emphasized the reflection of confidence in the sector and the economy.
Alhaj Kaddunabbi reaffirmed the Authority’s commitment to providing an enabling regulatory environment that supports innovation, stability, and growth across the insurance industry. “As we continue to strengthen the regulatory framework, we encourage other players to explore opportunities that promote efficiency, competitiveness, and resilience.”
Ruth Namuli, the Chief Executive Officer of SanlamAllianz General Insurance, said the new brand represents a renewed purpose, a strong identity, and a bold, shared vision for the future of insurance.
“The amalgamation is not merely a consolidation of resources, but a strategic alignment of values, strengths, and aspirations. It is the unique outcome of an alliance that combines the strength and expertise of Sanlam, a Pan-African leader, with that of Allianz, a global insurance giant,” she said.
Presently in 27 countries, SanlamAllianz is confident of navigating the challenges in Uganda’s insurance market, acknowledging the hurdles ahead.
“We face low market awareness, as many Ugandans still view insurance as complex or a luxury. Fraud and claims inflation are real threats, distribution remains costly especially in rural areas, regulatory requirements are increasing, and new risks such as natural disasters and climate change demand innovation and capability. We are confident in our team’s ability to address these challenges,” said Moses Adriko, the Board Chairman SanlamAllianz General Insurance.