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Premiums grow almost 16% in Uganda in 2021

October 18, 2022 Reprints

A report by reinsurer Uganda Reinsurance Co. Ltd. showed that local insurers’ aggregate premiums grew by almost 16% year-on-year to 1.1 trillion Ugandan shillings ($294 million) in 2021, despite COVID-19 lockdowns and their impact on the economic activities, Middle East Insurance Review reported. Nonlife gross written premiums increased 11% to UGX734 billion.

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Premiums grow almost 16% in Uganda in 2021

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