Opportunity

This year holds a promise of growth with more Ugandans taking on insurance,     The sector, even as penetration remains under 1 percent, has been expanding in terms of premiums, supported by especially growth in health or medical and micro insurance premiums, which have since the advent of Covid-19, registered significant uptake as Ugandans seek to insulate themselves against out-of-pocket expenses in cases of medical emergencies or other risks. In 2022, the Insurance Regulatory Authority Uganda indicated that health insurance was the fastest growing segment of the insurance sector as more corporate organisations and individuals continued to use it as a strong bargaining tool. But beyond this,…