Q&A: Everything you need to know about buying insurance from PostBank Uganda PostBank Uganda was recently named among the top 10 banks in non-life bancassurance in the Q1-2021 insurance sector performance report. Frank Kalinzi, Manager Bancassurance at PostBank Uganda Limited talked to CEO East Africa Magazine about the different products available and the benefits entailed.

When did PostBank Uganda launch Bancassurance on the product portfolio and how has it changed the bank’s fortunes? PostBank was licensed to transact Bancassurance as an agency for partner insurance companies in the last quarter of 2018 after meeting all the requirements of both regulators – Insurance Regulatory Authority (IRA) and Bank of Uganda (BOU). Bancassurance agency in PostBank contributes to the banks non-interest revenue stream and YTD 2021, the bank has received UGX605m in form of commission revenue from insurers. Bancassurance at PostBank is supervised by the Insurance Regulatory Authority of Uganda (License No. BC/005/2020. Which insurance companies are…