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

UK firm pledges to boost Uganda Insurance coverage

Monday July 11, 2011


The UK-based Britam Insurance Company has launched on the Ugandan market.

The firm’s entry comes amidst low penetration of insurance services estimated at 0.6%, a trend the company has promised to reverse.

“We are very pleased to launch operations in Uganda as it is in line with our strategic expansion plan aimed at diversifying into other markets in the region,” Nicholas Ashford-Hodges, the group chairman, said during the launch at the Kampala Serena Hotel on Friday.

He said there exists a huge untapped market in the insurance sector in Uganda.

Ibrahim Kaddunabbi, the commissioner and the head of the Uganda Insurance Commission, said insurance sector was critical to the economy.

“As a commission, we are working closely with the Government to improve the growth of the insurance sector.

As in other regional countries, insurance penetration in Uganda is dismal and a drastic step needed to be taken by the Government and by the players in the sector,” said Kaddunabbi.

He said an amendment to open up micro-insurance and bank assurance had been initiated. This, he said, would make insurance services available to the majority of the population.

By Samuel Sanya: The New Vision Newspaper

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