UIA LAUNCHES 10 YEAR PLAN

UIA LAUNCHES 10 YEAR PLAN

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The Uganda Insurers Association has today launched a 10 year strategic market plan whose aim is to boost penetration rate to 3% from the current 0.85%.

 

According to the UIA Chief Executive Officer, Miriam Magala the campaign also seeks to task companies create affordable and market tailored products to attract more customers.

 

To date the rate of claims paid has consistently grown at an estimated 12% and about 600 shillings paid out.

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