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    Umma Insurance : Empowering Businesses Across Africa – Somali Magazine issue 48

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    Somali Magazine - People's Magazine

    Umma Insurance is a leading regional insurance intermediary headquartered in Nairobi, Kenya, with subsidiaries in Mogadishu, Juba, and Kampala. We specialize in risk transfer, managed services, and advisory solutions, offering businesses and individuals the security they need to thrive in an ever-evolving market.

    Led by a team of highly experienced professionals, Umma Insurance is committed to transforming risk management and insurance intermediation across Africa. Our strategic objective is to drive innovation through targeted product design, intelligent service delivery, and convenient distribution channels. As businesses expand across the continent, the demand for comprehensive insurance solutions to mitigate risks and protect assets has never been greater. At Umma Insurance, we empower businesses by providing customized, cost-effective insurance solutions that safeguard their operations, enabling them to focus on growth with confidence.Umma Insurance

    Umma Insurance stands out as a pioneer in Somalia’s insurance landscape. Although the private insurance industry in Somalia is still nascent, it draws heavily on Kenya for technical expertise, with industry players frequently visiting Nairobi for benchmarking. Following the collapse of the previous government, insurance services were virtually nonexistent in Somalia until the emergence of the first private insurers about a decade ago. Since then, the industry has grown, and in 2023, the government approved a regulatory regime to provide oversight and 2025 March Somalia federal parliaments approved insurance.

    Umma Insurance has been instrumental in market education and technical service provision, helping to clarify insurance concepts for customers in Somalia.

    Public awareness is crucial for the sector’s development, given Somalia’s traditionally weak insurance culture, which relies on extended family networks for support.

    The cultural practice of ‘Qaaran,’ where families or tribes unite during crises, further reinforces this reliance, contributing to the low insurance uptake.

    As the only Internationally registered insurance Firm in Somalia, Umma Insurance has played a significant role in educating customers and communities about the importance of insurance, addressing the market’s need for greater insurance knowledge.

    With a strong history of serving diverse industries across Africa, we understand the region’s unique challenges and opportunities.

    Our expertise allows us to craft insurance solutions tailored to the specific needs of each client, ensuring they have the protection required to navigate today’s complex business environment. As the Business Expand across the continent , we are proud to introduce to you Umma Insurance as a trusted partner for businesses seeking reliable coverage. Through our extensive network of insurance providers, we offer a wide range of tailored products, including aviation insurance for businesses in the transport sector, oil and gas insurance to safeguard energy investments, property and casualty insurance to protect physical assets, local and international medical insurance for individuals, families and organizations requiring local or global healthcare coverage, and constractors all-risk insurance to secure large-scale infrastructure projects. Our offerings are designed to meet the diverse needs of businesses and individuals across different industries, ensuring they are well-equipped to manage uncertainties.

     

    In a world of uncertainties, having a trusted insurance partner is essential. At Umma Insurance, we are committed to building long-term relationships founded on trust, transparency, and exceptional service—ensuring that you have the protection you need to succeed.

    We remain true to our slogan: “Service for Good.”

    Umma insurance Ahmed Sheikh

    Group CEO

    Umma Insurance

     

     

     

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