Goldstar Insurance registers 18% premium growth
Goldstar Managing Director and Chairman of the Insurance Consortium for Oil and Gas (ICOG) addresses the press recently. Goldstar is a member of ICOG- a co-insurance group currently made up of 14 locally licensed insurance companies that have raised over $200m (sh745b) aggregated insurance capacity in readiness for Uganda’s oil and gas industry.
Goldstar Insurance
Ltd underwrote UGX3.7 billion more premiums in 2018, than it did in 2017,
according to preliminary reports from the Insurance Regulatory Authority (IRA),
the industry regulator.
The firm, part of the
Ruparelia Group grew underwritten premiums from UGX20.8 billion in 2017 to
UGX24.5 billion in 2018, a growth of 18%. At a growth rate of 18%, the company
grew faster than the ind