Insurers push for awareness to grow penetration
Uganda's low level of savings among workers, compared to regional peers, is of great concern but also represents a low-hanging fruit for insurers, who face an urgent need to increase penetration levels beyond the current 1%. The Chief Executive Officer of Jubilee Life, Kumar Sumit Guarav, is now rallying sector players to intensify awareness of financial services among Ugandans through educational campaigns and innovative solutions. He spoke at the launch of the company’s Smart Save plan.