By Silvia Nyambura In a country where the insurance industry is grappling with low penetration levels and lack of awareness about insurance, insurance companies have had to find innovative ways to stay in business. The sector’s premium growth declined to 18.48 percent in 2012 from 20 percent in 2011 owing to ‘high inflation and bank lending rates’, which made different products expensive. However, with a 24 percent market share, Jubilee Insurance Uganda has been at the helm of the industry growth, emerging market leader over the last 5 years and while the industry recorded fluctuating growth over the years, Jubilee grew by 43 percent in 2012 marking the…
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