2014-03-05 14:07:02 - The Insurance Industry in Uganda, Key Trends and Opportunities to 2017 - a new market research report on companiesandmarkets.com
The Ugandan insurance industry recorded a positive growth rate during the review period and was supported by relatively stable macro-economic conditions, a favorable investment climate and economic growth. The total number of policies issued in Uganda grew in 2010 and in 2011. The industry is dominated by the non-life insurance segment. For low income earners, Uganda has promoted micro insurance products. However, there are many challenges in operating this kind of product such as a lack of public awareness and inefficient distribution channels. The Ugandan life insurance segment is highly concentrated with the five-leading insurers representing a market share of more than 90% in 2011 in gross written premium terms.
â¢ In 2011, the Insurance Act was modified and a
number of amendments were brought into force regarding deposits, health insurance premiums, membership of the Insurance Institute of Uganda (IIU) and the Policyholder Compensation Fund
â¢ These new guidelines focus more on insured interests and its hoped they will instill a level of professionalism and discipline into the industry
â¢ The main insurance classes in the non-life insurance segment are motor, fire, engineering, marine and aviation, workers compensation, burglary and public liability
â¢ Due to changing market demands, the Ugandan insurance industry is introducing new insurance products to enhance its customer base
â¢ The strengths of the Ugandan insurance sector lie in its vibrant regulatory framework
â¢ Travel insurance in Uganda is expected to record significant growth over the forecast period
This report provides a comprehensive analysis of the insurance industry in Uganda:
â¢ It provides historical values for the Ugandan insurance industry for the reports 2008â2012 review period and forecast figures for the 2012â2017 forecast period
â¢ It offers a detailed analysis of the key segments and categories in the Ugandan insurance industry, along with industry forecasts until 2017
â¢ It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions
â¢ It profiles the top insurance companies in Uganda and outlines the key regulations affecting them
Reasons to Buy
â¢ Make strategic business decisions using in depth historic and forecast industry data related to the Ugandan insurance industry and each segment within it
â¢ Assess the competitive dynamics in the Ugandan insurance industry
â¢ Understand the demand-side dynamics, key market trends and growth opportunities within the Ugandan insurance industry
â¢ Identify the growth opportunities and market dynamics within key segments
â¢ Gain insights into key regulations governing the Ugandan insurance industry and its impact on companies and the industrys future
Click for report details: www.companiesandmarkets.com/Market/Finance-and-Banking/Market-Re ..
Browse all Finance and Banking Market Research Reports www.companiesandmarkets.com/Market/Finance-and-Banking/Market-Re ..
Browse all Finance and Banking Company Profile Reports www.companiesandmarkets.com/Market/Finance-and-Banking/Company-P ..
Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.comâs online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.