Life insurance catches on- 5 years after split of life and non-life businesses

Nine Life Assurance Companies, in 2018 underwrote UGX216.88 billion, nearly 4 times the amount of business the sub-sector underwrote in 2013- a year before the regulator took a strategic decision to separate life and non-life insurance businesses, in September 2014. Since then the life business, as it is known has grown by leaps and bounds, attracting 3 new regional and global players and rakin