Find visitors' favorite businesstravel Hotels And.... Book your best!

Revenue from Uganda Insurance brokers grows by sh9b

Monday, 4th April, 2011

THE insurance premium contributed by insurance brokers grew by sh9b to sh78b last year, from sh69b the previous year.

“This is a good step forward, but more work still needs to be done to improve insurance brokers’ contribution to the revenue from the insurance industry. Contribution from brokers currently stands at 38% of the industry’s total collection of sh310b,” said Latima Mukasa, the chairman of the Uganda Association of Insurance Brokers.

He added that while insurance brokers play important roles ranging from product development to advising clients on insurance policies, only a handful of Ugandans use their services.

“In Kenya, insurance brokers contribute 80% of the total premiums collected by insurance companies,” he said.
He made the remarks at the annual insurance awards dinner last Thursday, where Chartis Uganda was recognised as the Insurer of the Year 2010.

Chartis was recognised for good services and a better claims settlement process. Other companies recognised included Jubilee Insurance, APA and Lion Assurance.

The commissioner of insurance, Elias Kasozi, urged the insurance industry to positioning itself to reap from Uganda’s upcoming oil sector.

“The oil sector will have linkages to other sectors and this will help widen the platform for marketing insurance,” Kasozi said.

He added that the industry has to improve its services and capacity to handle the opportunities the oil sectors will present.

By a New Vision Reporter

Click here to post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Africa Uganda Business Travel News .



Haven't yet found what you Want...?

If you haven't yet found what you were looking for or you need detailed information about the subject matter on this page

then...

feel free to ask our business travel consultants.





Book a Prisons & Correctional
Charity Tour


Farmland for Sale
Prime Commercial Property
Entebbe Rd Land 4 Sale
Over 20 Farmland Parcels
Property & Plots of Land

Uganda Online SuperMarket
africaug.com
Online SuperMarket

Uganda Coffee Safari
Book My Coffee Tour

Uganda Honey
Uganda HoneyComb

Subscribe to our Business Travel Newsletter


Enter Your E-mail Address
Enter Your First Name (optional)
Then

Don't worry — your e-mail address is totally secure.
I promise to use it only to send you Africa Uganda Business Travel News Digest.

Hotel Booking

Car RentalCar Hire

Africa Uganda Shipping & Handling ServicesShipping & Handling Services


Our Sponsorship Policy


Apple Guavas available
Africa Uganda Plants GuideAfrica Plants Guide

Charity Investment Guide
Changing Lives

Africa Uganda SMS Guide
Africa Bulk SMS

Poultry Investment Guide
Poultry Business Guide

Related Pages



Uganda Hotels Directory

Uganda Hotels Booking Guide


Houses U can buy Uganda Real Estate Guide Industrial/Farmland Deals

Uganda Real Estates Guide


The Mountain Gorilla

Uganda Safari Guide

Uganda Weather Today





Book My Hotel

Please note that all fields followed by an asterisk must be filled in.
YES
NO
YES
NO

Please enter the word that you see below.

  



Uganda Currency

Ex-guide