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Insurance penetration in Uganda below 1 per cent – study 

Insurance penetration in Uganda below 1 per cent – study 

Rédaction Africa Links 24 with Uganda Monitor
Published on 2024-08-30 15:12:34

A recent study by Jubilee Life Insurance has revealed a startling truth: insurance penetration in Uganda is below 1 per cent. This means that insurance is often viewed as a luxury item, rather than the essential safety net it is.

“We must acknowledge that we operate within an undervalued industry, often stifled by profound misconceptions,” the report states.

During the launch of the “Living and Living Free” campaign on Friday, Mr Sumit Gaurav, CEO of Jubilee Life Insurance, emphasised the need to challenge this perception. 

“Wisdom does not come…

Read the full article on Uganda Monitor

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