Marsh Uganda
Our Country Uganda is a landlocked country located in East Africa. It is governed under a multiparty democratic system of government. The legal system is based on common law derived from its British colonial heritage. The population is around 37 million people, of which 50% are below the age of 16 years. Population growth is around 3.2%. The country recently discovered commercially viable quan
Our Country Uganda is a landlocked country located in East Africa. It is governed under a multiparty democratic system of government. The legal system is based on common law derived from its British colonial heritage. The population is around 37 million people, of which 50% are below the age of 16 years. Population growth is around 3.2%. The country recently discovered commercially viable quantities of oil and plans are underway to develop the sector. Over the last 20 years, the economy has grown at an average rate of 6%. The national currency is the Uganda shilling and the capital city is Kampala. English and Swahili are the official languages. Our Client Mix Our clients mainly comprise large corporate companies that have both local and multinational entities. We also broker a sizeable number of small to medium-size companies, as well as some personal lines business. Our Main Strengths Our overall service strengths include: Short term and long term Insurance Broking Risk Advisory Claims Management There are 22 short term and 8 long term insurance companies. There are also 13 Health maintenance and membership organizations and one insurer. In 2014, the industry grew by 9%. As for insurance brokers, there are 31 and many agents for insurers. The non-life business makes up around 85% of premium volume. We are the largest broker both in terms of market share and income. Our Regulator The industry is regulated by the Insurance Regulatory Authority of Uganda under the Insurance Amendment Act. Recently, Parliament passed the Retirement Benefits Authority Act which provides for the regulation of Retirement Benefit Schemes in Uganda. Our Business Principles and Practices The industry is regulated by the insurance Regulatory Authority of Uganda under the Insurance Act. Recently, Parliament passed the Retirement Benefits Authority Act which provides for the regulation of Retirement Benefits Schemes in Uganda.
Address: UAP Nakawa Business Park Block A, 3rd Floor, Plot 3-5 Portbell Road Kampala, Uganda
Phone: +256 312 302 851
FAX: +256 414 221 853
