New move expected to boost country’s insurance penetration Kampala, Uganda | ISAAC KHISA | For a long time, buying insurance policies in Uganda through commercial banks, also known as bancassurance, remained unthinkable. Policies were purchased directly from insurers’ branches or through brokers, a situation that had been blamed for a slowdown …
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Slow insurance growth, but Industry executives expect business to pick up Kampala, Uganda| Isaac Khisa| Uganda insurers recorded a 3.6% growth in premiums in 2016, their slowest growth rate in five years, citing harsh economic environment, slow implementation of infrastructural projects and reduced private sector credit. Full year industry performance …
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