42 List Of Insurance Companies In Uganda

List Of Insurance Companies In Uganda. Uganda is a landlocked country in East Africa. Even though the country is blessed with arable land, as well as vast deposits of natural resources, political instability, and visionless leadership has positioned Uganda among the world’s poorest and least-developed countries. A considerable portion of the population, especially women work in what is called the informal sector and have no economic protection in the form of insurance, savings, or investments.

In this article, we want to examine the insurance companies operating in the country of Uganda, as well as offer insights into how they work in the interest of the people of Uganda. We conclude the article with a word about the insurance industry in Uganda, and how to select an insurance company best suited to your needs.

List Of Insurance Companies In Uganda 

  • Nova Insurance Company Ltd.
  • NIC Holdings Ltd
  • Goldstar Insurance Company Ltd
  • Uganda Reinsurance Company
  • Sanlam Uganda General Insurance
  • First Insurance Company Limited
  • Statewide Insurance Co. Ltd. (SWICO)
  • Alliance Africa General Insurance
  • Insurance Regulatory Authority
  • IAA-Resolution Health
  • APA Insurance (U)
  • Bima Uganda
  • Trans Africa Assurance Company Limited
  • Nova Insurance Company Limited
  • Britam Centre
  • National Insurance Corporation
  • Prudential Uganda
  • SANLAM LIFE INSURANCE (UGANDA) LIMITED
  • Liberty General Insurance Uganda Limited
  • ICEA Group
  • Pentad Insurance Services
  • Legacy Insurance Services Ltd
  • AAR Head Office
  • Save for Health Uganda
  • Guardian Reinsurance Brokers Uganda Limited
  • Marsh Uganda Limited
  • Eagle Africa Insurance Services Ltd.
  • Jubilee Insurance
  • Clarkson Insurance Brokers
  • Grand Micro Insurance ltd
  • Bartlett Africa Ltd.
  • Sanlam Life Insurance (Uganda) Limited
  • Phoenix Of Uganda Assurance Company Ltd
  • Agro Consortium Ltd.
  • Old Mutual
  • Excel Insurance Limited
  • Nico Insurance (U) Ltd.
  • The Insurance Training College of Uganda
  • East Africa Reinsurance Company LTD
  • CIC Insurance
  • ATACO Freight Services
  • Insurance Company of East Africa (U) Ltd
  • Pax Insurance Company Limited

Contact Us Of Insurance Companies In Uganda

  • Nova Insurance Company Ltd.
    • Designation: General Insurance Company 
    • Company Address:  6 Mackinnon Rd, Kampala, Uganda
    • Company Website: novainsurance.co.ug

 

  • NIC Holdings Ltd
    • Designation: Life insurance agency
    • Company Address:  NIC Building, Plot 3, Pilkington Road/P.O. Box 7134 Pilkington Rd
    • Company Website: www.nic.co.ug

 

  • Goldstar Insurance Company Ltd
    • Designation: General Insurance Company
    • Company Address:  Crane Chambers, Plot 38 Kampala Road
    • Company Website: www.goldstarinsurance.com

 

  • Uganda Reinsurance Company
    • Designation: Reinsurance Company
    • Company Address: Plot 6, Coppice Road (Windsor Cresent), Kololo, P.O. Box 7371 Kampala Uganda.
    •   Company Website: www.ugandare.com

 

  • Sanlam Uganda General Insurance
    • Designation: General Insurance company
    • Company Address:  Plot 18B Clement Hill Road Shimoni Office Village Kampala, Uganda. Postal Address P.O Box 24256. Kampala.
    • Company Website: www.sanlam.com

 

  • First Insurance Company Limited 
    • Designation: General Insurance Company
    • Company Address:  21, Luthuli Avenue Bugolobi, Kampala, Uganda.
    • Company Website: www.fico.co.ug

 

  • Statewide Insurance Co. Ltd. (SWICO)
    • Designation: Insurance Company
    • Company Address: Plot 1 Bombo Road, Kampala, Sure House/ P.O. Box 9393 Bombo Rd
    • Company Website: www.swico.co.ug

 

  • Alliance Africa General Insurance
    • Designation: General Insurance Company
    • Company Address: 11 Yusuf Lule Road, Kampala, Uganda.
    • Company Website: www.allianceug.com

 

  • Insurance Regulatory Authority
    • Designation: Insurance Watchdog 
    • Company Address:  Kyadondo road, plot 5, Block B, 2nd floor, Kyaddondo Road.
    • Company Website: ira.go.ug

 

  • IAA-Resolution Health
    • Designation: Health Insurance Company
    • Company Address:  Plot 15, Fairway Tower, 37 Yusuf Lule Road.
    • Company Website: iaa.img.co.ug

 

  • APA Insurance (U)
    • Designation: General Insurance Company
    • Company Address:  5th Floor, AHA Towers, Plot 7 Lourdel Road.
    • Company Website: apainsurance.org

 

  • Bima Uganda
    • Designation: Insurance company
    • Company Address:  Buganda Rd, Kampala, Uganda.
    • Company Website: www.bimamobile.com

 

  • Trans Africa Assurance Company Limited
    • Designation: General Insurance Company
    • Company Address: Impala House, 13/15 Kimathi Avenue, P.O. Box 7601, Kampala, UGANDA.
    • Company Website: www.mehtagroup.com 

 

  • Nova Insurance Company Limited
    • Designation: General Insurance Company
    • Company Address: 6, Mackinnon Road Kampala, UGANDA.
    • Company Website: www.novainsurance.co.ug

 

  • Britam Centre
    • Designation: General Insurance Company
    • Company Address: Nakasero Road Plot 24A Akii-Bua Road Britam CentreP.O. Box 36583 Kampala Uganda.
    • Company Website: ug.britam.com

 

  • National Insurance Corporation 
    • Designation: General Insurance Company
    • Company Address:  Plot 3, Pilkington Road, Kampala, Uganda. Postal Address. P.O. Box 7134 Kampala.
    • Company Website: www.nic.co.ug

 

  • Prudential Uganda
    • Designation: General Insurance Company
    • Company Address: 9th Floor, Zebra Plaza, Plot 23 Kampala Road, Kampala, Uganda
    • Company Website: www.prudential.ug

 

  • SANLAM LIFE INSURANCE (UGANDA) LIMITED
    • Designation: Life insurance Company
    • Company Address:  Plot 15. Princess Anne Drive, Bugolobi, Kampala, Uganda.
    • Company Website: www.sanlam.com

 

  • Liberty General Insurance Uganda Limited
    • Designation: Insurance company
    • Company Address: Madhvani Building, 2nd Floor Plot 99 – 101. Buganda Road Kampala Uganda   
    • Company Website: www.liberty.co.ug

 

  • ICEA Group
    • Designation: General Insurance Company 
    • Company Address:  ICEA LION Centre. Riverside Park, Chiromo Road, Kampala, Uganda.
    • Company Website: www.icealion.com

 

  • Pentad Insurance Services
    • Designation: Insurance agency
    • Company Address:  Fame House, Kampala, Uganda.
    • Company Website: pentad.co.ug

 

  • Legacy Insurance Services Ltd
    • Designation: Insurance agency
    • Company Address: Entebbe Road, Kampala, Uganda.
    • Company Website: www.legacyinsurance.co.ug

 

  • AAR Head Office
    • Designation: Health Insurance Company
    • Company Address:  P.O Box 6240 Kampala Elizabeth Ave, Kampala, Uganda.
    • Company Website: www.aar-healthcare.com

 

  • Save for Health Uganda
    • Designation: Health Insurance Company 
    • Company Address:  Bulwa Zone, Uganda
    • Company Website: www.shu.org.ug

 

  • Guardian Reinsurance Brokers Uganda Limited
    • Designation: Reinsurance Broker
    • Company Address:  2nd Floor, Crown House, Plot 4A Kampala Road, Kampala, Uganda.
    • Company Website: www.guardianrebrokers.co.ug

 

  • Marsh Uganda Limited
    • Designation: General Insurance Company 
    • Company Address: Nakawa Business Park, Block A, 3rd Floor Plot 3, 5 Port Bell Rd, Kampala, Uganda.
    • Company Website: www.marsh.com

 

  • Eagle Africa Insurance Services Ltd.
    • Designation: Insurance Broker
    • Company Address: Eagle Africa Centre 8 Longonot Road, Upperhill PO Box 30076, 00100 Nairobi, Uganda.
    • Company Website: www.eagleafrica.co.ke

 

  • Jubilee Insurance
    • Designation: General Insurance Company 
    • Company Address: Kimathi Ave, Kampala, Uganda.
    • Company Website: www.jubileeinsurance.com

 

  • Clarkson Insurance Brokers
    • Designation: General Insurance Company
    • Company Address:  Plot 67 Luthuli Ave, Kampala, Uganda.
    • Company Website: www.clarkson-group.com 

 

  • Grand Micro Insurance ltd
    • Designation: General Insurance Company
    • Company Address:  Plot 856 Baka Cl, Kampala, Uganda
    • Company Website: gmi.ug 

 

  • Bartlett Africa Ltd.
    • Designation: General Insurance Company 
    • Company Address:  8. Bartlett Africa Ltd. Plot 1 Colville street. 1st Floor Communication House. P O Box 33087. KAMPALA Uganda.
    • Company Website: www.bartlettgroup.com

 

  • Sanlam Life Insurance (Uganda) Limited
    • Designation: Life Insurance Company
    • Company Address:  Plot 15. Princess Anne Drive, Bugolobi, Kampala.
    • Company Website: www.sanlam.com

 

  • Phoenix Of Uganda Assurance Company Ltd
    • Designation: General Insurance Company
    • Company Address:  P.O Box 70149 Pilkington Rd, Kampala, Uganda.
    • Company Website: www.mua.co.ug

 

  • Agro Consortium Ltd.
    • Designation: Agricultural Insurance agency
    • Company Address:  24A Sixth St, Kampala, Uganda.
    • Company Website: aic.ug

 

  • Old Mutual
    • Designation: General Insurance Company
    • Company Address: Head Office – Kampala. Block D, 6th floor, UAP Nakawa Business Park. Plot 3-5 New PortBell Road. PO Box 7185
    • Company Website: www.uap-group.com

 

  • Excel Insurance Limited
    • Designation: General Insurance
    • Company Address:  2D Nkurumah Road, Crest House, Kampala, Uganda. Postbox: Box 7213, Kampala, Uganda
    • Company Website: exico.co.ug

 

  • Nico Insurance (U) Ltd.
    • Designation: General Insurance
    • Company Address: Kampala, Uganda
    • Company Website: www.nico-life.com

 

  • The Insurance Training College of Uganda
    • Designation: Training Centre
    • Company Address:  Kampala, Uganda
    • Company Website: itc.ac.ug

 

  • East Africa Reinsurance Company LTD
    • Designation: General Insurance Company 
    • Company Address:  EARe House, | 98 Riverside Drive. P.O. Box | 20196, 00200 City Square Nairobi, Kenya.
    • Company Website: www.eastafricare.com

 

  • CIC Insurance 
    • Designation: General Insurance Company
    • Company Address: Floor/Suite No: 2 Floor AHA Towers Plot No: 7 Street: Lourdel Town/City: Kampala District/State: Kampala Country: Uganda

 

  • ATACO Freight Services
    • Designation: Marine Cargo Insurance
    • Company Address: SIA AMARA PLAZA, Plot 20, 24 Spring Rd, Kampala, Uganda
    • Company Website: www.atacofreightservices.com

 

  • Insurance Company of East Africa (U) Ltd
    • Designation: Life insurance agency
    • Company Address: P.O.Box 33953 Nakasero Rd

 

  • Pax Insurance Company Limited
    • Designation: General Insurance agency
    • Company Address: P.O. BOX 7030 Kampala, Nsambya Rd, Kampala, Uganda

Steps To Pick The Best Insurance Companies In Uganda

Choosing the best insurance company in Uganda for your needs: 

We have advocated for the selection of dependable brands based on performance for a long period of time, however, we must mention that a long time in the industry is not the sole requirement.

It is important to find out what your risks are: there are health insurance packages, agricultural cover, life insurance, as well as motor vehicle insurance policies. However, if you are in the informal sector, it may be wise to find a retirement savings plan, probably from a trusted life insurance provider. This will help break the shock of a sudden job loss or collapse of the industry.

Investing in the Ugandan Insurance Sector

As stated earlier, there is still plenty of room for expansion in the insurance industry of Uganda; smart investors are moving in so as to grab a share of the infant market, so as to establish themselves and their brands in the hearts and minds of Ugandans before the market reaches saturation. We observed a series of mergers and acquisitions, indicating that companies that are already well established in the neighboring markets South Africa, Tanzania, and so on have started making inroads into the Ugandan market.

Some of them offer specialized insurance services that were not seen in the insurance scene in Uganda. Agriculture is a sector that is been touted to revolutionize the economy on a sustainable basis, and it is for this reason that it has taken center stage in Uganda. Special insurance products for the Agricultural Sector have been developed, and are growing in popularity and acceptance.  

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Closing On The List Of Insurance Companies In Uganda

The vast majority of Ugandans are without any form of Insurance. This makes the country a fertile ground for investment in the insurance sector. Furthermore, the insurance sector is still evolving; many companies are yet to take advantage of the realities on the ground by developing policies that cover the needs of the people. Keep in mind that the economy of Uganda relies heavily on Agriculture: 71.9%, and then Services: 23.7%, before Industry at a distant 4.4%. Therefore it would be useless to develop policies that would otherwise be successful in manufacturing dependent economies.

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