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In the news this week, Broll Uganda one of the latest entrants into the property market, takes over management of UNHCC’s Crested Towers building and Raxio Data Centre says construction of their hitech facility in Namanve is 70% complete and oncourse for launch, come January 2020. Also in the news, Jubilee Insurance launches a women’s knowledge sharing platform.
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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…
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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