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A photo collage of Joseph Nsubuga, an actuary turned executive, who is trying to change the outlook of insurance from being a distant, abstract, and mistrusted industry.
A photo collage of Joseph Nsubuga, an actuary turned executive, who is trying to change the outlook of insurance from being a distant, abstract, and mistrusted industry.

They Don’t Insure Their Own Assets: Inside Uganda’s Insurance Dilemma and Mirai’s Bet on the Future

In Uganda, where insurance penetration remains below 1% of GDP, at 0.883% in 2024, according to the Insurance Regulatory Authority (IRA), the sector sits in a paradox. On paper, it is growing:
October 22, 2025

 

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