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Insurance Intelligence

Providing expert analysis, independent market insight and company data on the insurance industry.

Insurance market reports are produced following a country visit with interviews with professionals working in the sector with systematic updates to information throughout the cycle. Covering market developments, macroeconomic factors and comprehensive details of the regulatory environment including relevant taxation as well as market indicators and company statistics.

Axco’s Uganda Non-Life Insurance Market Report (P&C) also comprises a detailed analysis of lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers’ liability and liability.

The Life & Benefits Report for Uganda includes detail on social security, healthcare, individual life assurance and pensions information as well as market statistics and life company statistics

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Information for Uganda can be seen in:

Insurance Market Reports (Non-Life) Insurance Market Reports (Life & Benefits) Employee Benefits Reports Global Statistics Insight Compliance Regulatory Alerts Market Profiles Insight EB Clinical Trials Compliance Point Axco API

Country Information

Capital city
Real GDP growth (%)
Inflation (%)
latest GWP
Insurance Penetration (%)
GMT +3
47.12 mn
35,108.09 mn
262.57 (mn)

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.

Gross written premium in 2018 amounted to UGX 856.19bn. UGX 569.97bn was from non-life companies, UGX 217.12bn was in respect of life companies and UGX 69.11bn was health insurance written by the health membership organisations (HMOs).

There were 32 licensed insurers operating in the market in 2020, of which nine were life insurers, two were microinsurers and 21 were non-life insurers; there were two locally registered reinsurers and five registered HMOs.

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