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@kfm Sun, 30 Jun 2024 15:23:29

Africa insurance companies urged to upscale service access

The Finance State Minister for Planning, Amos Lugoloobi has challenged insurance company proprietors across the African continent to endeavor to intensify its access and uptake as it’s still very low. Speaking on the sidelines of the 46th annual general meeting for *Africa Re*, a Premier Reinsurance Company in Africa, Lugoloobi noted recent statistics indicate that in Africa health insurance is at a penetration rate of just 0.2% with a density of USD 5 per person annually. Non-life insurance he says stands at a penetration rate of 0.64% He has meanwhile commended companies like Africa re which are ensuring that insurance opportunities on the continent are a reserve for Africans. “This agency is responsible for re-insuring other insurance players within the […]

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