Premiums grow almost 16% in Uganda in 2021
Posted On: Oct. 18, 2022 9:29 AM CSTA 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.
Â