Jubilee Insurance is one of the oldest and most respected insurance companies in East Africa, with roots dating back to 1937 when it was first incorporated in Mombasa, Kenya. Founded under the support of the Aga Khan Fund for Economic Development, it has since grown into a regional powerhouse in the insurance sector. Jubilee serves millions of clients across Kenya, Uganda, Tanzania, Burundi, and Mauritius, offering a full range of insurance services, including life, health, and general insurance.
Operations in Tanzania and Broader Expansion
In Tanzania, Jubilee Insurance was the first private insurer licensed after market liberalization in 1998. Its operations there, through the Jubilee Insurance Company of Tanzania (JICT), focus on both general and medical insurance for individuals, families, small businesses, and large corporations. With a presence in major cities such as Dar es Salaam, Arusha, Mwanza, Mbeya, Morogoro, and Dodoma, Jubilee has built a wide network of branches and agencies to ensure accessibility. It also supports community programs such as school renovations and health outreach efforts.
Strategic Partnership with Allianz and Innovation
In recent years, Jubilee Insurance entered a strategic partnership with the global insurer Allianz, which acquired a majority stake in Jubilee’s general insurance operations across East Africa. This alliance has strengthened Jubilee’s capabilities by integrating global standards and technology into its regional operations. In Tanzania, Jubilee has also launched innovative products like cardless health plans aimed at increasing access to insurance among underserved populations. Additionally, the company has introduced tiered health packages tailored to different demographic groups, including children, families, and seniors.
