Uganda: Stanbic Bank Retains 22 Percent Bancassurance Market Lead in Uganda

20 March 2022

Bancassurance contributed Shs 103.5billion to the Shs 1.1trillion Gross Written Premium (GWP) recorded by Uganda's insurance sector in 2021 with Stanbic Bank accounting for 22 percent of that share, consolidating its position as market leader.

Bancassurance is the sale of life assurance and other general insurance products through commercial banking institutions.

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