Rédaction Africa Links 24 with Uganda Monitor
Published on 2024-10-07 18:49:23
FINCA Uganda has become the latest financial sector player to acquire the bancassurance agency license, paving the way for increased insurance penetration in the country. This development is expected to bring a unique and hard-to-reach clientele base into the formal financial sector.
According to the CEO of the Insurance Regulatory Authority of Uganda (IRA), Alhaj Kaddunabbi Ibrahim Lubega, “Bancassurance has revolutionised how we approach the distribution of insurance services. It allows clients to access both banking and insurance solutions under one roof, ensuring convenience,…
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