Uganda Insurance Q2 2018
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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