Uganda's finance minister urges insurance sector innovation to boost market growth

allafrica.com

Uganda's Finance Minister urged industry stakeholders to innovate to grow the insurance market. Insurance penetration in Uganda is low at 0.9% of GDP, significantly below regional averages, indicating a large untapped market. The Annual Insurance Innovation Awards highlighted digital tools, customer-centric strategies, and inclusivity to expand coverage and make insurance more accessible.


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Uganda's finance minister urges insurance sector innovation to boost market growth | News Minimalist