Top Insurance Companies in Uganda | Insurance companies in Uganda have played a major role in economy. You have to live a fearless, worry-less comfortable life. This can be achieved by having a a best insurance company to stand by you in case you fall into a problem.
Perils or risks don’t knock before they befall; that’s why you have to find a good insurance partner for your property, your life or your loved ones. The Eafeed team toured Uganda and brought you best insurance companies to watch.
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Similarly, they oversee the performance of insurance businesses across the country. Certainly, this is to enable sustainable growth of the insurance industry while upholding the best practices. There are several standards and insurance companies should meet. For example:
- Integrity, and
The list below is a compilation of insurance companies of Uganda and a short description of what they do for clients. Many of the insurance services providers in Uganda are diversified financial services companies.
1. Britam Holdings Limited
Britam’s headquarters are in Nairobi, Kenya. It was previously known as British-American Investments Company.
The financial products and services that they offer are General and Life Insurance, Asset management and banking.
2. Jubilee Holdings Limited
Its headquarters are in Nairobi, Kenya. It offers a wide range of insurance products and services to individuals and corporates.
3. ICEA Lion Insurance Holdings Limited
It was formed as a result of a merger between Insurance Company of East Africa Limited (ICEA) and Lion of Kenya Insurance Company Limited (LOK) in 2011.
It is one of the largest insurance groups in East Africa region. It also has well established insurance operations in Kenya and Tanzania.
4. National Insurance Corporation Limited (NIC)
National Insurance Corporation Limited (NIC) is owned by Industrial and General Insurance Company Limited (IGI) of Nigeria. It offers insurance and risk management services in Uganda.
5. Sanlam Limited
Sanlam is a South African financial services group headquartered in Bellville, Western Cape.Its areas of expertise include life insurance, financial planning, retirement annuities, trusts, wills, short-term insurance, asset management, risk management and capital market activities, investment and wealth.
It also has a direct presence in 12 other African countries namely; South Africa, Namibia, Botswana, Swaziland, Malawi, Zambia, Tanzania, Rwanda, Kenya, Ghana, Nigeria and Mozambique
6. UAP Old Mutual Holdings Limited
The group’s headquarters are located in Nairobi, Kenya. It offers the following services: Life Assurance, Property Investments, Fund Management and related Financial Services such as insurance premium financing, financial advisory and securities brokerage.
It also has operations in Kenya, South Sudan, Rwanda, Tanzania and Democratic Republic of Congo (DRC).
7. CIC Insurance Africa Ltd
The company’s headquarters are located in Nairobi, Kenya. It offers the following services: General Insurance, Group life and Individual life Insurance.
8. Goldstar Insurance Co. Ltd
They provide the following services: Motor cycle insurance, motor vehicle insurance, travel insurance and a domestic package cover that entails cover against loss or damage of domestic valuables.