To be the insurer of choice in Uganda
To provide quality insurance services that is customer focused and innovative
History and Development
Lion Assurance Company Ltd belongs to a regional insurance group which has its presence in Botswana, Uganda and Zimbabwe. The Company’s main shareholder, Botswana Insurance Company, is the largest short term insurance company in Botswana. In Zimbabwe, the Company’s sister companies, Zimnat Lion Company Limited (short term insurance company), and Zimnat Life Company Limited (life insurance company) and GrandRe. (a reinsurance company) are significant players in the insurance business. The Company draws from the strong interaction of the business units in the various countries to ensure that the insurance solutions it offers are world class.
The ultimate shareholder for the insurance group, TA Holdings is a Zimbabwean based Investment Company with interests in hotel management/ownership, financial services, fertilizer production and Insurance. TA Holdings is quoted on the Zimbabwe Stock Exchange.
Lion Assurance has a Capitalisation base of over 9.8 billion Uganda shillings making it one of the strongest insurance players in the Ugandan market. This security and the availability of technical expertise of the holding company and related sister companies creates value for our esteemed clients.
As a Company our philosophy is to offer our clients a wide variety of highly specialized products and services. Our core business is to take care of our clients’ insurance needs. This is embedded in providing short-term insurance and services aimed at specific markets as well as utilizing and optimizing our broker and agency networks as the main delivery channel.
The Company focuses on the corporate, commercial and personal markets. The Corporate business division, supported by various underwriting managers, assist brokers in designing a complete range of tailor-made insurance products and LAC is the leading provider of loan protection insurance products.
Our superior computer packages; Sirius application allows both our staff and brokers to meet and exceed their targets.
The company has seen enormous growth over the past seven years, growing in terms of gross written premium. The growth can be attributed to;
- Our clients who have demonstrated confidence in the company
- Our team which has extensive experience in their respective areas of operation and who adopt a proactive, innovative approach to winning and retaining business.
- Our excellent service delivery
- Our values; Security, Care and Integrity
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