Shortly after the Britam Board of Directors holding their general meeting in Kampala and appointing a new CEO for their Uganda field in a bid aimed at strengthening Britam`s position in Uganda, Britam insurance`s new CEO Alan Mafabi is talking tough on how he is set to revolutionise the Ugandan insurance industry.
Despite insurance penetration in Uganda being quite low at around 0.8% of the GDP according to industry sources, Mafabi is basing his growth plans on the growing middle class as well as developments in the oil and gas sector that present the insurance industry with immense opportunities for growth as demand for insurance cover increases with the growing risks.
Speaking to the media at a ceremony held at the Kampala Serena Hotel on March 3, 2014, Mafabi vowed to drive Britam insurance to greater heights and to live by the company`s vision of offering quality service and always being there when the customer needs you most.
The Britam Group Managing Director Benson Wairegi, while announcing the appointment of Mafabi said Alan`s appointment marks an important step in the company’s strategic plan to widen the scope of insurance products in the Uganda market. “Allan brings invaluable expertise and experience to this company especially at this point in time when we are looking at growing our regional footprint. There are many opportunities that exist in this market and Britam is better placed to take on a cross section of the risks,
