Only Old Government Assets to Be Insured

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Uptake of insurance in Uganda remains low in-spite of the different interventions by key players. This as reports emerge that even government has not appreciated the need to insure its assets yet a lot of money is spent on acquiring them.

While releasing the Insurance Industry performance report for  2021, Alhaj Kaddunabbi Ibrahim Lubega the chief executive officer of the insurance regulatory authority highlighted the need for the government to think of insuring its assets.

Kaddunabbi notes that their efforts to engage the  Ministry of Finance on the need to insure government assets have ripped minimal results with cabinet accepting insuring only the old assets from eventualities.