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Uganda Insurance Q2 2018

BMI Industry View
Industry Forecast
Life Premiums Forecast
Non-Life Premiums Forecast
Non-Life Sub-Sector Forecast
Industry Risk/Reward Index
Sub-Saharan Africa Insurance Risk/Reward Index
Market Overview
Life Market Overview
Non-Life Market Overview
Company Profile
Liberty Life Holdings
UAP Holdings
Jubilee Insurance

Uganda Insurance Q2 2018

BMI View:

The Ugandan insurance sector is small even by Sub-Saharan African standards and dominated by the non-life sector.

Key issues preventing growth include a lack of education and trust in the industry as well as low levels of disposable income.

Although the sector is dominated by foreign insurers, investment can be undermined by currency revaluations and high inflation,which devalues revenue in USD terms. Economic growth is, however, boosting life insurance uptake, which is leading premiumsgrowth.

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