Insurance premiums poised to rise
Regulatory authorities have introduced a 0.5% tax on all insurance policies renewed as of October 1, 2012. The money collected will be allocated to the Insurance Institute of Uganda with a view to train local staff in the insurance business. The market counts 21 companies and 26 brokers including one specialized in reinsurance. Nearly 80% of executives are foreigners.
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Tue, 02/04/2013 - 09:18
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