Brokers target informal, hard hit sectors to deepen insurance penetration

Posted: 20th, 03 2022

What you need to know:

The IBAU Conference is an annual gathering of insurance players convened by the Insurance Brokers Association of Uganda to discuss issues affecting the industry and openly churn out solutions in the interests of the public and insurance sector stakeholders especially the insurance brokers.

The IBAU Conference is an annual gathering of insurance players convened by the Insurance Brokers Association of Uganda to discuss issues affecting the industry and openly churn out solutions in the interests of the public and insurance sector stakeholders especially the insurance brokers.

READ: Why Ugandans are afraid of insurance sector and what needs to be done about it

To do this, the industry players are planning to design products that facilitate economic recovery undermined by the impact of the ongoing COVID-19 induced shocks while trying to deepen insurance penetration by tapping into informal and most hit sectors of the economy.

According to the Chairman, Insurance Brokers Association of Uganda, Mr Solomon Rubondo, the annual upcoming Insurance Brokers Association of Uganda Annual Conference will prove useful in providing recommendations to heal the sector, that is key in guaranteeing economic growth and development.

READ: Insurance companies hit Shs1 trillion in gross premiums

This year’s conference will be the 4th Edition of the event and what sets it apart from those from the previous years, is that it comes at a time when economic recovery is a hot topic in the agenda of the government.

Utility

The IBAU Conference is an annual gathering of insurance players convened by the Insurance Brokers Association of Uganda to discuss issues affecting the industry and openly churn out solutions in the interests of the public and insurance sector stakeholders especially the insurance brokers.

iladu@ug.nationmedia.com