Bancassurance premiums exceed UGX 10 billion
Now in its seventh year, Bancassurance premiums have been on the rise, exceeding 10 billion shillings and accounting for over 7% of total insurance company underwriting. With general insurance penetration still low, commercial banks such as Standard Chartered Bank say they are exploring one of the fastest-growing segments of insurance, which is life insurance, to attract and retain clientele, especially in the area of savings and wealth management. Joan Salmon has more.
