BOOSTING INSURANCE PENETRATION

BOOSTING INSURANCE PENETRATION

682
0
SHARE

Insurance agents and brokers have asked the Insurance Regulatory Authority to allow them transact on behalf of banks, since they access more clients.

 

The agents argue that strict procedures proposed under the Bank Assurance Regulations 2016 will instead deter the move to deepen insurance penetration, as banks start to sell insurance policies.

 

These concerns were raised during a consultative meeting held in Kampala today.

LEAVE A REPLY