Old Mutual East Africa Group is a leading integrated financial services provider, including insurance, investment, and savings solutions. As part of Old Mutual Limited (OML), a premier African financial services group with a presence in 12 countries, we combine local expertise with global experience to serve diverse client needs, leveraging advanced technology and world-class financial insights.
Our operations in East Africa span across Kenya, Uganda, South Sudan and Rwanda, where we offer a wide range of financial services through an integrated business model.
Our Vision is to be our customers’ most trusted lifetime partner, passionate about helping them achieve their financial goals. And, by helping generations achieve those goals, we help build the financial prosperity of the societies, businesses, and shareholders we engage with.
In Uganda, we are a lead-insurer and are ISO 9001:2015 certified. We hold one of the highest credit ratings in the market today (Global Credit Rating A+), a reflection of our ability to meet our liabilities.
Get to know our executive committee as well as our initiatives to uplift our communities.
We have a rich history in Africa and we bring all that to support your dreams.
The Old Mutual Group is an integrated Financial Service business comprising Faulu Microfinance Bank and Old Mutual. The Group, which is operational in East Africa, offers services to more than 1.2 million customers across Kenya, Uganda, Tanzania, Rwanda, and South Sudan.
The Old Mutual Group comprises of one key player as a result of the acquisition of a controlling stake in Faulu in 2014 by Old Mutual. The acquisition resulted in Old Mutual Kenya and Faulu Microfinance Bank forming one of the largest financial services groups with a growing footprint in East and Central Africa. Old Mutual has been a major player in the financial services market in East Africa for decades. This entity has vast experience in Insurance, Investment, Asset Management, and Banking, and we are passionate about helping our customers achieve their financial goals.
Old Mutual Insurance is a subsidiary of the Old Mutual Group. It was established in 1971 as United Assurance, which later became UAP Insurance, and recently, after the merger with the Old Mutual group, the current name Old Mutual Insurance was adopted. In the insurance industry, Old Mutual is the market leader and one of the fastest-growing establishments.
By capitalization, it is the largest Insurance company offering the best services in the industry and is an award winner as the overall best insurer by insurance brokers for the year 2013 among other awards. It also has the largest reinsurance capacity in the country with a host of first-class reinsurance partners across the African continent and beyond which makes it possible to handle risks of any magnitude.
The Company survived through the years despite the difficult political and economic situations in the country then. The company has grown over the years and is now one of the largest insurers in Uganda by market share. In the year 2013, as a result of regulatory changes in the industry, requiring composite companies (companies offering a combination of Life and Non-Life Businesses) to demerge their businesses and set up separate registered entities with full board of directors, management and fully subscribed Share Capital in accordance to the regulatory requirements, Life Assurance Uganda Limited became the first Company to demerge and form a separate fully-fledged Life Assurance Company that became operational in September 2013.
Old Mutual Financial Services is a member of the Old Mutual Group, a leading financial services group in the region with presence in Uganda, Kenya, Rwanda, and South Sudan.
Today, Old Mutual Financial Services has licenses from the Capital Markets Authority (Uganda) and the Uganda Retirement Benefits Regulatory Authority to carry on the businesses of: Fund Management, Stock Broker/Dealer, Investment Advisory, and Unit Trust Manager. In addition, Old Mutual Financial Services has a seat at the Uganda Securities Exchange.
Pushing beyond boundaries - We strive as individuals, as a team and as an organization to break new ground and achieve higher levels of performance by reaching to the depth of our abilities.
Accountability - We take responsibility for the commitment that we make, the actions that we take and the problems that occur. We accept that we will be judged on these.
Respect - We treat others as we would like to be treated - and we value and learn from the strength of our diversity. We actively listen to others and recognize that everyone has a contribution to make.
Integrity - We act honestly and openly and are trustworthy and consistent in all we do. We act in accordance with the highest ethical standards.
Doing the right thing is at the heart of everything we do. Our Conflict of Interest policy deals with the declaration requirements and management principles for employees and related stakeholders.
The Maadili Charter outlines the standards of ethical business conduct that are applicable to Old Mutual employees, Board members and business partners.
