Zul Abdul, Chairman of Jubilee Holdings Limited speaking at the news conference on April 8
By Our Reporter
Today in Kampala, Jubilee Insurance Uganda announced a new unified brand following the merger of its life and health insurance businesses, marking a significant step in the company’s restructuring strategy.
The announcement was made during a news conference held at the company’s head offices along Parliament Avenue, where officials said the integration brings together Jubilee Health Insurance Company of Uganda Limited and Jubilee Life Insurance Company of Uganda Limited into a single entity.
According to the company, the merger is intended to enhance operational efficiency, improve customer experience, and deliver more seamless and integrated insurance solutions across both life and health segments.
The development comes at a time when the insurance sector across East Africa is registering steady growth, supported by rising awareness, regulatory reforms, and increasing demand for financial protection. With urbanisation on the rise and healthcare systems improving, more individuals are turning to insurance to safeguard their financial well-being.
Zul Abdul, Chairman of Jubilee Holdings Limited, said the region offers strong growth potential for insurers, despite relatively low penetration levels.
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Zul Abdul, Chairman of Jubilee Holdings Limited speaking at the news conference on April 8
By Our Reporter
Today in Kampala, Jubilee Insurance Uganda announced a new unified brand following the merger of its life and health insurance businesses, marking a significant step in the company’s restructuring strategy.
The announcement was made during a news conference held at the company’s head offices along Parliament Avenue, where officials said the integration brings together Jubilee Health Insurance Company of Uganda Limited and Jubilee Life Insurance Company of Uganda Limited into a single entity.
According to the company, the merger is intended to enhance operational efficiency, improve customer experience, and deliver more seamless and integrated insurance solutions across both life and health segments.
The development comes at a time when the insurance sector across East Africa is registering steady growth, supported by rising awareness, regulatory reforms, and increasing demand for financial protection. With urbanisation on the rise and healthcare systems improving, more individuals are turning to insurance to safeguard their financial well-being.
Zul Abdul, Chairman of Jubilee Holdings Limited, said the region offers strong growth potential for insurers, despite relatively low penetration levels.
“The positive growth trajectory across East Africa presents a compelling opportunity for insurers to expand their reach and deepen impact. While momentum in the region is strong, insurance penetration remains relatively low compared to global averages, highlighting significant room for growth and inclusion,” he said.
He explained that the merger reflects a deliberate effort to align the company more closely with evolving customer needs, particularly the growing demand for integrated and accessible insurance solutions.
Zul Abdul also acknowledged that the restructuring will affect staffing, noting that while some employees will be reassigned to new roles, others will be laid off in line with Uganda’s labour laws.
He added that the region’s young and increasingly digital population is changing expectations around financial services, pushing insurers to simplify offerings and improve accessibility.
Eugine Mutekhele, Acting Chief Executive Officer of Jubilee Insurance Uganda, said the unified brand represents a new chapter for the company.
“By combining our strengths, we are already seeing the benefits of working stronger together. This merger positions us to continue delivering integrated, innovative solutions, while ensuring synergy across our offerings to meet evolving customer needs and drive lasting value in the market,” he said.
Mutekhele noted that early results from the integration are already evident, with improved coordination across business units and more efficient service delivery to customers.
He said the unified structure enables the company to better meet customer expectations for seamless, transparent, and tailored services.
“This unified brand is both the coming together of expertise and a demonstration of our ability to adapt, innovate, and deliver with speed. It enables us to create simpler, more relevant and impactful solutions for our customers,” he added.
He reaffirmed the company’s commitment to strengthening Uganda’s insurance industry by expanding access, improving standards, and building trust among consumers.
Company officials said the merger will not affect office locations, but will focus on strengthening internal systems and delivering a more cohesive product and service offering.
Jubilee Insurance Uganda also signalled continued investment in innovation, including the rollout of new products and the use of technology to make insurance more accessible to a wider segment of the population.
