[Independent (Kampala)] Business Analysis -- Uganda's insurance sector has demonstrated significant growth in recent years, with gross written premiums increasing from UGX 1.44 trillion in 2022 to UGX 1.6 trillion in 2023, this is according to the Insurance Regulatory Authority of Uganda (IRA) Performance Report released in 2023, reflecting an 11.29% increase year on year. Despite this progress, insurance penetration in Uganda remains relatively low. As of 2022, only about 4.5% of the population was covered by insurance.
