{"id":28801,"date":"2022-03-30T20:17:55","date_gmt":"2022-03-30T20:17:55","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/all-news\/brokers-target-informal-hard-hit-sectors-to-deepen-insurance-penetration"},"modified":"2022-03-30T20:25:02","modified_gmt":"2022-03-30T20:25:02","slug":"brokers-target-informal-hard-hit-sectors-to-deepen-insurance-penetration","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/brokers-target-informal-hard-hit-sectors-to-deepen-insurance-penetration","title":{"rendered":"Brokers target informal, hard hit sectors to deepen insurance penetration"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>With the economy slowly trying to get back to pre-Covid-19 levels, there has never been a better time than now to hedge businesses against uncertainty.<\/p>\n

As a result, insurance brokers whose work is to primarily sell insurance will in a meeting of minds planned for early next month look to find more innovative ways to penetrate the virgin insurance market with variety of useful industry solution.<\/p>\n

With insurance penetration still hovering around one per cent, it is obvious that most businesses and entities are not taking enough cover against eventualities. For that, the Insurance Broker whose primary role is to sell all insurance types including health, homeownership, accident, life insurance, and even annuities are looking to redefine themselves to respond to the current times.<\/p>\n

READ: Why Ugandans are afraid of insurance sector and what needs to be done about it<\/b><\/p>\n

To do this, the industry players are planning to design products that facilitate economic recovery undermined by the impact of the ongoing COVID-19 induced shocks while trying to deepen insurance penetration by tapping into informal and most hit sectors of the economy.<\/p>\n

According to the Chairman, Insurance Brokers Association of Uganda, Mr Solomon Rubondo, the annual upcoming Insurance Brokers Association of Uganda Annual Conference will prove useful in providing recommendations to heal the sector, that is key in guaranteeing economic growth and development.<\/p>\n

READ: Insurance companies hit Shs1 trillion in gross premiums<\/b><\/p>\n

This year\u2019s conference will be the 4th Edition of the event and what sets it apart from those from the previous years, is that it comes at a time when economic recovery is a hot topic in the agenda of the government.<\/p>\n

Utility<\/b><\/p>\n

The IBAU Conference is an annual gathering of insurance players convened by the Insurance Brokers Association of Uganda to discuss issues affecting the industry and openly churn out solutions in the interests of the public and insurance sector stakeholders especially the insurance brokers.<\/p>\n

[email protected]<\/b><\/p>\n

For More News And Analysis About Uganda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Uganda. With the economy slowly trying to get back to pre-Covid-19 levels, there has never been a better time than now to hedge businesses against uncertainty. As a result, insurance brokers whose work is to primarily sell insurance will in a meeting of minds planned for early next month look to find more […]<\/p>\n","protected":false},"author":84,"featured_media":28800,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[233,240,234],"class_list":["post-28801","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nBrokers target informal, hard hit sectors to deepen insurance penetration - Uganda<\/title>\n<meta name=\"description\" content=\"With the economy slowly trying to get back to pre-Covid-19 levels, there has never been a better time than now to hedge ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/uganda\/all-news\/brokers-target-informal-hard-hit-sectors-to-deepen-insurance-penetration\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brokers target informal, hard hit sectors to deepen insurance penetration\" \/>\n<meta property=\"og:description\" content=\"With the economy slowly trying to get back to pre-Covid-19 levels, there has never been a better time than now to hedge ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/brokers-target-informal-hard-hit-sectors-to-deepen-insurance-penetration\" \/>\n<meta property=\"og:site_name\" content=\"Uganda\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-30T20:17:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-30T20:25:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2022\/03\/img-6244bc874430f.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/brokers-target-informal-hard-hit-sectors-to-deepen-insurance-penetration#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/brokers-target-informal-hard-hit-sectors-to-deepen-insurance-penetration\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Brokers target informal, hard hit sectors to deepen insurance penetration\",\"datePublished\":\"2022-03-30T20:17:55+00:00\",\"dateModified\":\"2022-03-30T20:25:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/brokers-target-informal-hard-hit-sectors-to-deepen-insurance-penetration\"},\"wordCount\":343,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/brokers-target-informal-hard-hit-sectors-to-deepen-insurance-penetration#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2022\/03\/img-6244bc874430f.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Uganda\",\"uganda\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/brokers-target-informal-hard-hit-sectors-to-deepen-insurance-penetration#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/brokers-target-informal-hard-hit-sectors-to-deepen-insurance-penetration\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/brokers-target-informal-hard-hit-sectors-to-deepen-insurance-penetration\",\"name\":\"Brokers target informal, hard hit sectors to deepen insurance penetration - 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