Stanbic Bank retains 22% bancassurance market lead for 2021
Dogo Singh Sherman, Stanbic Bank Uganda’s Manager for Bancassurance 2022 offers them another challenging opportunity to consolidate their position
Bancassurance contributed UGX103.5 billion to the UGX1.1 trillion Gross Written Premium (GWP) recorded by Uganda’s insurance sector in 2021 with Stanbic Bank accounting for 22 percent to consolidate its position as market leader.
Bancassurance is the sale of life assurance and other general insurance products through commercial banking institutions; in 2020, bancassurance sales contributed on
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