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Tag: Prudential

  • Commission over Clock-in: Why Insurance Agents are winning in Uganda’s Economy

    Commission over Clock-in: Why Insurance Agents are winning in Uganda’s Economy

    By Edgar Asiimwe, Chief Agency Officer, Prudential Uganda

    In Uganda, the side hustle is more than a trend, it’s a way of life. From selling handmade crafts to running online businesses, many Ugandans juggle multiple income streams to meet their financial goals.

    This entrepreneurial spirit has created fertile ground for careers that reward effort over hours and insurance sales is one of the most promising among them.Insurance agency work aligns perfectly with this culture.

    Whether pursued as a full-time career or a flexible side hustle, it offers unmatched financial potential and personal growth. Unlike traditional employment, where income is tied to a fixed salary and rigid working hours, insurance agents earn based on performance.

    Edgar Asiimwe, CAO Prudential

    The more clients they serve, the more they earn, creating a direct link between effort and reward. This model is proving especially attractive in Uganda’s evolving economy. For many, agency work supplements their primary income, helping them cover school fees, invest in property, or support extended family. For others, it becomes their main source of income, with top performers earning well above the national average.

    The flexibility to work from anywhere and set your own schedule makes it ideal for parents, students, and professionals looking to diversify their income. The sector itself is thriving. According to the Insurance Regulatory Authority (IRA), commissions paid to agents and brokers reached Ushs 42.82 billion in Q2 2025, a notable increase from Ushs 40.37 billion the previous year. This growth reflects not only the resilience of the insurance industry but also the expanding opportunities for agents in Uganda. As more people recognize the importance of financial protection, demand for insurance products continues to rise.Prudential has positioned itself as a leader in empowering agents.

    Through structured training programs, mentorship, and leadership development, the company transforms determined individuals into world-class financial advisors. Agents are equipped with the tools and knowledge to succeed from understanding complex financial products to mastering client relationship management.

    Many Prudential agents go on to qualify for the prestigious Million Dollar Round Table (MDRT), a global association founded in 1927 that represents the top 1 percent of financial professionals. MDRT membership is more than a badge of honor. It connects agents to a global network of peers, offering access to cutting-edge insights, best practices, and international recognition. This exposure not only sharpens their skills but also elevates their professional standing.Beyond financial rewards, insurance agents are making a meaningful impact in their communities. They serve as trusted advisors, helping families plan for the future, protect their income, and build generational wealth. In a country where financial literacy is still growing, their role is vital. By educating clients and offering tailored solutions, agents contribute to a more financially secure Uganda.

    In conclusion, a career in insurance sales is more than just a job or a side hustle — it’s a gateway to financial freedom, personal development, and community impact. As Uganda’s economy continues to evolve, those who embrace commission-based work are not just surviving — they’re thriving. At Prudential, we believe in rewarding ambition, and our agents are proof that with the right support, anyone can build a successful and fulfilling career.

  • Prudential Uganda Transforms 71 Schools with Safe Drinking Water, Impacting over 119,562 Students in Schools

    Prudential Uganda Transforms 71 Schools with Safe Drinking Water, Impacting over 119,562 Students in Schools

    Kamuli; Prudential Uganda, in partnership with the social enterprise Tusafishe, today announced the successful completion of the Prudential Climate and Health Resilience Fund, an eight-month initiative that has delivered sustainable, safe drinking water and environmental education to communities across Western and Eastern Uganda.

    The fund, established by the Prudence Foundation, Prudential’s community investment arm, is designed to help markets adapt to the impacts of climate change on health.

    In Uganda, the project, implemented by Tusafishe Limited, saw installation of 71 institutional water purification systems and 40 domestic filters, ensuring a daily supply of clean water in schools and households that previously had none. The systems are designed to serve thousands of litres each day, even in areas without electricity, making them ideal for remote locations.

    Beyond the daily struggle, research has shown a clear link between water insecurity and educational setbacks for children. For instance, a 2017 study in Global Mental Health found that as water insecurity increases, children in rural Uganda are more likely to miss school, with even a small increase in water insecurity correlating to 0.30 more missed school days per child in a single week.

    This seemingly small number accumulates over time, translating to significant lost learning opportunities and highlighting the direct link between access to this basic resource and a child’s educational future.

    During the project’s successful conclusion, marked by a handover ceremony in Kamuli, Tetteh Ayitevie, CEO of Prudential Uganda, highlighted the profound impact of providing clean water.

    “Without clean water, everything else is harder. A sick child can’t learn properly,” Ayitevie stated. This is especially critical in Uganda, where up to 70% of all diseases treated are directly caused by a lack of clean water or poor sanitation and hygiene practices.

    The project has directly impacted 119,562 beneficiaries from 71 schools in the districts of Fort Portal, Kyenjojo, Kyegegwa, Kamuli, Mbale, and Sironko.

    “When we started the Prudential Climate and Health Resilience Project, we had three clear goals,” Ayitevie further added, “Our purpose was to protect children and their communities from waterborne diseases, to promote climate resilience through tree planting and environmental education, and to invest in sustainable solutions that protect health and our planet for generations to come. Today, seeing the impact of this work, I can say it’s one of the proudest moments for us at Prudential Uganda.”

    According to UNICEF, nearly 38% of Ugandans still lack access to safe drinking water, with the challenge most acute in rural and hard-to-reach areas. Many schools in these communities rely on unprotected springs, streams, or boreholes that often run dry or are contaminated, leading to high rates of waterborne diseases and lost school time.Henry Othieno, CEO of Tusafishe, the project’s implementing partner, also commented on the collaboration. “Our expertise in water purification, combined with Prudential’s commitment to community, has allowed us to deliver systems that are not only effective but also sustainable,” Othieno said.

    “Reaching some of these communities was no small task. Some of the schools are in places where even getting materials in was a challenge. But our team believes every child, no matter where they live, deserves safe water.”

    The project also conducted trainings in all 71 schools students and 537 community members through Water and Environment Clubs, equipping them with skills to safeguard their water systems and promote climate resilience. Over 3,000 moringa and fruit trees have been planted to improve local nutrition, restore forest cover, and combat climate change.

  • Prudential Uganda awards UGX 135 million to Top Makerere Actuarial Graduates

    Prudential Uganda awards UGX 135 million to Top Makerere Actuarial Graduates

    Kampala: Prudential Uganda has awarded UGX 135 million to the top five graduates of Makerere University’s Actuarial Science program as part of its ongoing efforts to grow actuarial talent in Uganda.

    The support is part of the Prudential Actuarial Support Scheme (PASS), launched in 2022 in partnership with Makerere University. The initiative recognizes academic excellence while offering mentorship, internships, and funding for professional exams to help top graduates become certified actuaries.

    Each graduate: Brendan Joseph Lule, Twinomujuni Gordon, Galabuzi Allan, Katana Daphine, and Inyangat Kenneth received USD 500 and full sponsorship for professional actuarial certification exams.

    “This investment secures the future of Uganda’s financial and insurance sector by nurturing the professionals who will drive it,” said Tetteh Ayitevie, CEO of Prudential Uganda. “Actuaries are essential for pricing, product design, and long-term financial sustainability.”
    Adding that, “These young professionals represent the future of the insurance and financial services sector in Uganda. By investing in their growth today, we are securing resilience, and innovation of our industry.”

    While demand for actuaries is rising, Uganda still faces a shortage of certified professionals. Through PASS, Prudential is guiding high-potential students to achieve global qualifications such as Certified Actuarial Analyst, Associate, and Fellow.

    The five recipients are already active in Uganda’s insurance sector. Speaking on behalf of the group, Gordon Twinomujuni said: “This is more than a reward, it’s a launchpad. The financial and professional support from Prudential has removed key barriers to my dream of becoming a certified actuary.”

    Prof. Edward Bbaale, Principal of Makerere’s College of Business and Management Sciences, applauded the initiative: “PASS motivates excellence and prepares our students for industry leadership.”

    Over the last two years, Prudential has supported 14 actuarial students, two of whom are now full-time employees. With each cohort, PASS strengthens Uganda’s capacity to build a self-sustaining actuarial profession led by homegrown experts.

  • Prudential Uganda Partners with Tusafishe to Provide Safe Drinking Water to Schools in Mbale District

    Prudential Uganda Partners with Tusafishe to Provide Safe Drinking Water to Schools in Mbale District

    Mbale: Prudential Uganda announces a groundbreaking partnership with Tusafishe a non-government Organization that seeks to enhance provision of clean and safe drinking water to five schools in the Mbale District.

    The selected schools include Nkoma Secondary School, Mbale High School, Nabuyonga Primary School, Mbale Progressive Secondary School and Mbale Progressive Annex.

    Together, the five schools, which have for long grappled with the daunting challenge of securing clean water, nurture the aspirations of 14,722 students, with Nkoma Secondary School alone catering for a population of 6,500 students.

    “This partnership exemplifies our unwavering commitment to build resilient communities in areas we serve and is in line with our purpose, For every life, For every future which speaks to our ambition to add value to the wider community, for a more sustainable, responsible, and inclusive future,” said Tetteh Ayitevie, CEO of Prudential Uganda.

    Currently, the schools spend about Ugx. 600,000 to at least buy 15,000 kilograms of firewood to purify drinking water, which is not only a strain on their finances but has lasting implications on the environment, its our responsibility as corporate citizens to come through and help save the environment. Tetteh added.

    “According to the National health report 2022, At least 75% of diseases diagnosed at the Mbale Regional Referral Hospital are attributed to consumption of unsafe water and poor hygiene. 69% of diseases diagnosed at the Nabumali Sick Bay, a clinic serving students from Nabumali High School and Nabumali Day Primary School, were related to the consumption of unsafe water, I applaud Prudential for coming through to support the schools as this will help them live more healthier” says Henry Othieno, CEO, Tusafishe Limited.

    Traditional solutions for water purification in schools, such as boiling and use of chlorine and disinfecting tablets, come at high environmental and financial costs. Many schools’ resort to requiring students to bring packaged water, which is costly to parents.

    Tusafishe has pioneered a transformative technology that not only purifies water but also safeguards the environment. The water purification system has the capacity to purify up to 4,880 liters daily, eliminating up to 99.999% of all disease-causing pathogens from water sources.

    To further support the initiative, in line with Prudential’s environmental, social and governance (ESG) strategy, over 3000 Moringa tree seedlings will be distributed to communities surrounding the schools for planting, reinforcing the commitment towards long-term sustainability and climate change.

    Prudential’s climate targets include de-carbonising own operations and investments and engaging with its investees to travel together with them in the transition journey so that they are not left behind.

  • Prudential Uganda Contributes $30,000 Worth of Essential Medical Supplies to Mulago National Referral Hospital in Post-COVID Recovery Efforts

    Prudential Uganda Contributes $30,000 Worth of Essential Medical Supplies to Mulago National Referral Hospital in Post-COVID Recovery Efforts

    Kampala: Prudential Uganda has today announced a $30,000 donation to Mulago National Referral Hospital inform of essential medical supplies such as safety boxes for syringes, heavy duty aprons, sterile and examination gloves extra.

    The donation, which is part of the Prudential Post COVID Recovery Funds initiative, is a significant step in Prudential’s commitment to the health and well-being of Ugandans and supporting vital institutions such as Mulago National Referral Hospital to boost their ability to provide exceptional medical care.

    Tetteh Ayitevie, the CEO of Prudential Uganda, said COVID had impacted many people and institutions, emphasizing that there was need for collective action in journey to recovery.

    “As we navigate the post-COVID landscape, Prudential Uganda remains committed to our community’s health and well-being. Our partnership with Mulago National Referral Hospital is a testament to our dedication of fostering a stronger and more resilient healthcare system,” he said.

    Dr. Rosemary Byanyima, the Executive Director of Mulago National Referral Hospital, thanked Prudential and its community investment arm, noting that the support will be instrumental in ongoing efforts to enhance patient care and medical services.

    “Mulago National Referral Hospital hosts one of the largest number of patients and to-date, it remains the epicentre of the fight against COVID. This contribution contributes significantly to our post-COVID recovery endeavours,”she said.

    This Covid relief fund has been provided by Prudential Uganda with the support from the Prudence Foundation, the community investment arm of Prudential plc in Asia and Africa.

  • Prudential Uganda and PwC Unveil 2022 Best HR Practices Survey to recognise Firms with the Best HR Practices

    Prudential Uganda and PwC Unveil 2022 Best HR Practices Survey to recognise Firms with the Best HR Practices

    The survey is being conducted in collaboration with the office of the Prime Minister to promote best practices in the public sector.

    The survey will be conducted between November – December 2022

    Participating organisations will receive a copy of the Prudential Human Capital & Talent Management Best Practices Survey 2022 report and an opportunity for a further in-depth analysis of their organisations survey results and comparative analysis with peers in the market.

    Organisations with best practices in the 14 thematic areas will be recognised and awarded.

    Prudential Uganda in partnership with Pricewaterhouse Coopers (PwC) has today launched the Best HR Practices Survey 2022 to recognize organisations with Best HR Practices in Uganda.

    This is the second time the survey is happening after the inaugural 2021 survey.The survey is designed to collect feedback directly from employees on 14 thematic areas that are of most relevance to management of Human Resources today.

    Tetteh Ayitevie (4th R) CEO at Prudential Uganda, Owek. Apollo. N. Makubuya (6th L) Board Chair of Prudential Uganda, Uthman Mayanja( 2nd R) PwC Country Senior Partner, Patrick Okello (C) Commissioner for Human Resources, Office Of the Prime Minister at the launch of the Best HR Practices Survey 2022 to recognize organisations with Best HR Practices in Uganda. The event was held today at the Kampala Serena hotel

    The feedback from the survey will be analysed to provide insights into those thematic areas to enable employers to better understand the views of their employees across each thematic area and to inform actions and programs designed by employers to respond to feedback from their employees.

    Prudential Uganda CEO, Tetteh Ayitevie congratulated all organisations that demonstrated best practices in the 2021 survey and urged the Heads of HR to encourage their staff to participate in the 2022 survey.

    He also thanked the government for taking interest and putting their weight behind the initiative to promote best practices in Human Resources Management“I particularly want to thank the Government of Uganda for recognizing the importance of promoting best HR practices in both the private and government sector. Human resource is an integral element in any organisation, as it guarantees business continuity and effective service delivery that impacts not just the organisation but the community and country at large. The 2030 Agenda for Sustainable Development provides a shared blueprint for prosperity for people and the planet, most of which are key issues articulated in the survey. Some of these key issues the survey explores are organisational sustainability, reduced inequalities, decent work and economic growth, innovation, and health & well-being; all of which affect employees to a personal level.

    Tetteh Ayitevie CEO at Prudential Uganda while giving his remarks at the launch of the Best HR Practices Survey 2022 to recognize organisations with Best HR Practices in Uganda. The event was held today at the Kampala Serena hotel

    He added, “Today, we are pleased to launch the Best HR Practice Survey 2022 which will take the same approach as the inaugural survey, requiring employees to share their thoughts about the key things at the workplace that allow for productivity and excellence for both the employer and employee”. Speaking on behalf PwC, Uthman Mayanja, the Country Senior Partner, explained that “In addition to the recognition, each participating organisation will receive the 2022 HR Best Practices Survey report and the report will highlight best HR practices across the fourteen thematic areas that will be covered in the survey.

    All the information received from the employees will be handled with strict privacy guidelines and is not accessed by Prudential Assurance,” he said.

    Tetteh Ayitevie (3rd R) CEO at Prudential Uganda, Owek. Apollo. N. Makubuya (3rd L) Board Chair of Prudential Uganda, Uthman Mayanja( 2nd R) PwC Country Senior Partner, Patrick Okello (C) Commissioner for Human Resources, Office Of the Prime Minister with other partners and other officials at the launch of the Best HR Practices Survey 2022 to recognize organisations with Best HR Practices in Uganda. The event was held today at the Kampala Serena hotel

    Speaking on behalf of the office of the prime minister, Government Chief Whip, Hon. Hamson Obua said an initiative such as the Prudential Best HR Practices survey shows the commitment and dedication of the private sector towards achieving the economic transformation of Uganda by highlighting practices that are best for the development of our collective human resources capacity.

    “I therefore urge all employers to encourage the participation of their employees and be open to embrace the feedback your employees offered as the effect ripples through the communities and country at large. I am confident that this survey will offer key insights to all employers including Government and also inform Government’s continued evaluation of policies that enhance skilling of Ugandans and optimising the productivity of our workforce,” he said.

    The inaugural 2021 survey was conducted between October – December 2021. 534 organisations participated with 1,526 Survey responses. Some of the thematic areas of this survey are diversity and inclusion, flexible performance management, talent development, employee empowerment and wellness, collaboration and communication, reward and recognition, quality and innovation. Uganda Breweries Limited emerged as the overall winner of the HR Best Practices Survey 2021.

    Other notable winners from the thematic categories included: Total Energies E&P Uganda, dfcu Bank, aBi Development among others. This year, the survey will be conducted in between November and December.

  • Prudential Uganda Unveiled as Partner for Chevening programme

    Prudential Uganda Unveiled as Partner for Chevening programme

    Kampala: Prudential Uganda has been unveiled as a new partner for the United Kingdom (UK) government’s Chevening Scholarship Program in Uganda at a courtesy meeting between Her Excellency Kate Airey OBE, British High Commissioner to Uganda and Tetteh Ayitevie, Chief Executive Officer at Prudential Uganda.

    Beginning in the 2022/2023 academic year, Prudential will support Ugandan students aspiring to become future leaders by pursuing further studies in the UK in the areas of Finance, Insurance, Strategy, or Sustainability.

    L-R – Tetteh Ayiteve CEO Prudential Uganda, H.E. Kate Airey OBE British High Commissioner to Uganda and Jericho Muwanga the beneficiary scholar 2022 pose for a photo

    Mr. Ayitevie said: “Education is the cornerstone of success and plays a critical role in the betterment of societies. Supporting talented Ugandan students to achieve their full potential via the Chevening Scholarship is very gratifying and is closely aligned with our desire to support Uganda’s prosperity. Our vision is parallel to that of the Chevening Scholarship Program, which is why this partnership is important to us. Prudential’s purpose is to help people get the most out of life. As such, we are pleased to help engage and empower young professionals to pursue quality education and become experts in their chosen fields”.

    ​“Chevening is the British Government’s flagship scholarship program. Since its inception in 1983 it has supported close to 300 Ugandan students, many of whom have gone onto key decision making and leadership positions. I am delighted that Prudential, as a leading company in Uganda with a rich British history, has decided to come on board and support Ugandan talent. We have no doubt that the benefit of this partnership will quickly be realised’ said H.E. Kate Airey.

    The Prudential Chevening Scholarship for 2022 has been awarded to Mr Jericho Muwanga, who will pursue his Master’s Degree in Financial Technology at the University of Liverpool. Muwanga assessed each of the means Uganda is using to drive financial inclusion and found that Financial Technology (Fintech) is the fastest, most convenient, and most affordable, way to advance the financial inclusion agenda in the county.

    Muwanga said “In the short term, I want to collaborate with key stakeholders in Uganda’s Fintech space to solve challenges affecting reach, uptake, and affordability. I plan to leverage my knowledge, skills, network, exposure, and role as a financial services regulator to create a Fintech enabling environment, including regulation and policy, that encourages innovation and soundly manages the resulting disruption. In the long-term, I plan to establish a consultancy firm with training, investment, and advisory functions to advise the public, government, and corporations on Fintech matters, and to transfer Fintech skills”.

    In closing, Mr. Ayiteve remarked: “This partnership falls in line with our many initiatives to give back to the communities within which we operate to create sustainable societies that are geared to solve the world’s most pertinent issues.”

  • Purudential announces Africa Cup of Nations 2021 sponsorship

    Purudential announces Africa Cup of Nations 2021 sponsorship

    Douala, Cameroon: Prudential Africa has signed a sponsorship agreement with the Confederation of African Football (CAF) to become the official insurance partner of the 33rd edition of Africa Cup of Nations (AFCON) 2021.

    At a press conference to announce the sponsorship, Eric Mboma, Chief Representative Officer, Prudential Northern Africa Region said the sponsorship underscores Prudential’s commitment to the African continent.

    “As we grow our business in Africa, we also want to support the passion and talent of its people. Africans share a common love for football and we are honored to be part of a tournament that unites the continent and brings together the brightest talents of African football.”

    Commenting on the partnership, Confederation of African Football (CAF) General Secretary Mr. Véron Mosengo-Omba said, “We are excited and pleased to have on board Prudential as a partner. We share a common purpose in our commitment to developing local talent as well as driving prosperity for the people of Africa.”

    Mr. Mboma added, “Through sports, Prudential wants to encourage people to stay active and lead more healthy lifestyles. As a life insurer, we believe that health and wellness are important for people to live fulfilling lives.”

    AFCON 2021 has already started and will continue till 6 February 2022 with Cameroon as the host nation.

  • Prudential Uganda introduces Pru Dollar

    Prudential Uganda introduces Pru Dollar

    Prudential Assurance Uganda Limited, a fully owned subsidiary of Prudential plc continues its mission to provide flexible and innovative products that promote the financial security among Ugandan families with the launch of Pru Dollar.

    This product allows the customer to make monthly payments in U.S dollars for a period of 8-15 years. Whether a customer is planning for his or her child’s education, saving for a home or simply making sure their loved ones are protected, Pru Dollar hedges their savings against the risk of currency devaluation thereby preserving the value of their policy proceeds upon maturity.

    Arjun Mallik, CEO Prudential Uganda

    This product gives customers peace of mind that their loved ones are protected. If the customer passes away or gets permanently disabled, Prudential will immediately pay a 50 per cent lump-sum to the beneficiary and take over payments for the remaining period. In addition, Prudential will pay out another 100% of the maturity benefit at the end of the agreed period. If no claimable event occurs, the guaranteed lump-sum (with any accrued bonuses) is paid to the insured at maturity.

    The product acts as an investment plan where Prudential pools money with that of other policyholders and invests it in a range of carefully chosen assets. If the investments perform well, the customer shares in the profits via bonuses, which is declared each year and reinvested on their behalf.

    Speaking at the launch, Arjun Mallik, CEO Prudential Uganda said “Our endeavour is to provide families with the protection and savings solutions they need to secure their financial futures, and the long-term opportunities for us in the Uganda life insurance market are immense.”

    Pru Dollar launch on Friday at Kampala Serena Hotel

    Matt Lilley, CEO of Prudential Africa added “Since we re-entered the market in 2015, our new business sales in Uganda have grown significantly from, so has the size of our team, and number of our active sales representatives. Prudential is committed to making long-term investments in Uganda so that we are able to bring the benefits of life insurance to many more people”

    Speaking at the event, Sarah Mann, Deputy British High Commissioner said “Prudential plc is a multinational company and one of the world’s leading life insurance brands.  Today’s launch is a good example of the adaptability of British companies like Prudential, and their commitment to tailor products to meet Ugandan needs.  It is great to be able to celebrate this milestone with a global British business that, at 169 years old, continues to expand and seek out new opportunities and I am sure it will provide a valued service to Ugandan customers. I hope Prudential becomes the household name here that it is in the UK.”