The Insurance Regulatory Authority of Uganda (IRA) has approved the merger between Sanlam General Insurance and Jubilee Allianz General Insurance.
Speaking during the release of the half-year performance results, IRA Chief Executive Officer Ibrahim Lubega Kaddunabbi said that mergers and acquisitions among insurance companies are essential for increasing sector penetration and building resilience.
Meanwhile, in the second quarter of the year, the insurance industry received a total of 168 complaints from policyholders—150 of which were successfully resolved within the quarter.
Ronah Nahabwe reports.
