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Barclays bank Uganda granted Bancassurance license by Insurance regulator
The strong growth being generated within the local insurance industry is attracting commercial banks, into securing licenses to provide the Bancassurance product.

The strong growth being generated within the local insurance industry is attracting commercial banks, into securing licenses to provide the Bancassurance product.

The latest sector results issued by the Insurance Regulatory Authority saw a 20 Billion shilling upswing in premium collections hitting 635 Billion shillings in the year 2016.

Barclays Bank has today been issued with a Bancassurance License by the IRA, becoming the second to Stannic Bank, in their quest to widen their cash streams.