Life Report

Product Insurance Market Reports Life Rev Uganda

Key Highlights

Get access to Axco’s online product with the latest market intelligence for the market of your choice


  • Key insights and explanations of market developments in life insurance, healthcare and pensions
  • Details Uganda's insurance, social security, pensions and healthcare regulatory framework and company and personal tax considerations
  • Current legislation and upcoming changes
  • The latest developments in Uganda's economic and political environment
  • Demographic information
  • Market statistics and company performance

Report Overview

Independent strategic insight, line of business detail, regulatory information & market data for the non-life (P&C) insurance market of Uganda

The Uganda life and benefits market report provides a comprehensive, impartial analysis of the life insurance market of Uganda.  Information extends to extensive detail on healthcare (public and private), pensions and benefits, and social security. Specialist researchers visit Uganda and interview local professionals working across the local market. The report is updated with new information and data regularly throughout the cycle of country visits.

The report provides information about Uganda’s demographic profile and assesses its economic, political, climate, operational, and security risks. Key data on the investment environment in Uganda is available.

Axco’s report describes the regulatory framework that applies to the Ugandan domestic life insurance sector, including whether non-admitted insurance is permitted in Uganda; as well as the legislation necessary to know regarding Uganda’s healthcare, pensions and social security.

Statistics include five years of life insurance market performance indicators, including gross written premiums, premium growth and penetration rates. Company statistics show who are the leading life insurance companies in Uganda with local life insurance company premiums, market share and year on year growth.

Life Insurance

Axco provides details on the life insurance sector including Ugandan market participants, reinsurance and distribution channels. The reports describe classes of business from both individual and group life such as whole life, endowment, term life and unit-linked.
Information on non-life classes for example critical illness and private medical insurance.


The report describes the public and private healthcare system in Uganda, the scope of cover, accessibility financing and provides an analysis of how the public and private systems complement each other.


Axco reports on the three pillars of Ugandan pension provision.

  • State pension benefits including benefit calculations and eligibility criteria 
  • Workplace pension provision; types of schemes calculations eligibility and; tax implications
  • Voluntary individual pension provision, type of products and tax implications

Social Security

The Uganda report provides an in-depth analysis of the regulatory framework governing social security as well as details on financing and eligibility. Information includes but is not limited to

  • state pensions,
  • permanent disability benefit
  • occupational accident and disease
  • maternity and paternity payments 

Uganda Life and Benefits Report Extract

Below are brief extracts of information from the Uganda Life & Benefits Report; more updated information may be available in the latest published report.

Life Insurance

Following the civil war in Uganda in the 1980s, the insurance industry was essentially restarted with the introduction of the Jubilee insurance company in 1991. From this start, the industry has grown rapidly from a nil base but has yet to reach a meaningful penetration rate. Growth is hampered by the low formal employment ratio with possibly 80% of the employable population working in informal employment such as agriculture.

A statistic recently published suggests that there are as many as 1.2 million boda-boda operators ....


Market sources note there are still no real pensions in Uganda. Retirement benefit plans, including the National Social Security Fund (NSSF), are all provident fund type plans where the benefits are payable as a lump sum. Market sources suggest that there were almost no immediate annuity contracts available at the time this report was in preparation. The lack of adequate long-term fixed interest investments would make it difficult to offer such products and the gradually lowering of interest rates would make them unattractive unless tax benefits were available ....


Most Ugandans utilise community-based healthcare, which is largely free and often operated by volunteers. As the clinics can be widely spaced geographically, access to these may be problematical, especially in an emergency. Uganda's public healthcare system remains significantly under-resourced, particularly in the rural areas. In 2018-19 it was noted that the number of nurses in hospitals and healthcare units was around 20% short of the optimal level, whilst the number of medical doctors fell short by 15% of the optimal level ....

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