Written policies under Bancassurance grow fourfold

Uganda's legal tender. Each of the 501,107 households from 16 vulnerable groups in Kampala metropolitan area, cities and municipalities are slated to each receive Shs100,000. PHOTO/COURTESY 

What you need to know:

  • Under Bancassurance, Stanbic wrote more premiums than any bank, registering a combined sum of Shs10.4b for life insurance and nonlife, from which it earned Shs1.9b in commission. 

Insurance written premiums under Bancassurance increased fourfold for the period ended June 2021, according to data from Insurance Regulatory Authority (IRA).

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