The Uganda Office Subsidiary was setup on 26th August, 2019 but started transacting officially on 1st January 2020. The office is responsible for managing and growing the Corporation’s General & Life reinsurance business in line with the Corporation’s strategic objectives within Uganda Market.

Some of the Key deliverables to achieve Profitable Growth include but not limited to;

  • Grow Premium Revenue
  • Grow Investment income
  • Premium Collection
  • Timely and effective processing of claims in line with our SLAs with cedants
  • Marketing, client engagement, and follow-up on new treaties and renewals to grow the business.
  • Prudent selection of risks within the Ugandan market
  • Following up and processing of Cedant Technical Accounts

Key Markets (Cedants)

The Ugandan Market has 21 General Insurance Companies, 9 life Insurance Companies, 5 licensed HMOs and 2 Micro Insurers.

General Insurance accounts for over 60% of the Market and Life Insurance accounts for close to 30% of the Market.

The Reinsurance Ratios in the General Insurance Market are at an average of 44%, which comes to a Potential Local Reinsurance Revenue of over UGX 200BN/=.

Board of Directors

Contacts

Redstone House, First Floor
Bandali Rise Bugolobi
P.O Box 34988
Kampala, Uganda
Tel : +256701585817
Email:uganda@kenyare.co.ke