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UAP Insurance Tanzania Limited

Stephen Lokonyo

Managing Director

Prior to joining UAP Insurance Tanzania Ltd, Stephen held the position of Chief Executive Officer at Britam Insurance (Tanzania) Limited since November 2015. He began his career in Underwriting at Heritage Insurance Company Limited in Kenya in 1995 where he served until moving to UAP Insurance Company Limited (Kenya) in 2004 as an Underwriting Manager (Corporate Business).

He later moved to AIG Kenya Insurance Company Limited in 2010 as the Profit Centre Manager (Property, Energy & Marine) for two years. Thereafter, he joined REAL Insurance Kenya Limited as the Senior Underwriting Manager and later promoted to the Head of Broker Relationship in January 2015 after the merger of Real Insurance and Britam General. Mr. Lokonyo was then transferred to Tanzania to take up the position of Chief Executive Officer.

Stephen led the rebranding of Real Insurance Tanzania to Britam Insurance in 2016 following the successful acquisition by Britam Holdings in 2014. He has also played a significant role in the turnaround of the business from a loss position in 2015 to consistent profitability since 2016. Stephen is an Associate of the Chartered Insurance Institute (ACII – UK) with 24 years’ experience in leading insurance companies in East Africa and over 10 years in Executive Management. He holds a bachelor’s degree in Commerce (Insurance option) from the University of Nairobi.



UAP Mutual

UAP Insurance Tanzania is a subsidiary of the UAP Old Mutual Group in East Africa, which is part of Old Mutual Limited (OML) in Africa. UAP made its entry into the Tanzania market in 2013 after the acquisition of a 60% majority shareholding in the Century Insurance Company. This acquisition led to changing of the underwriter’s name from Century Insurance Company to UAP Insurance Tanzania Limited.