Uganda, April 21 -- Uganda's gross written premium collected through the brokerage distribution channel has increased from Shs454 billion in 2022 to Shs542b, as of December 2023, the regulators of insurance industry have revealed.

Mr Ibrahim Kaddu Lubega, the Chief Executive Officer of Insurance Regulatory Authority (IRA) noted that the increment represents about a 34 percent growth.

Gross written premium collected through brokerage channel is the total amount of Money that insurance brokers collect from clients in exchange for insurance policies or services.

Speaking at the sixth annual conference for the Insurance Brokers Association Uganda (IBAU) held in Mbale on Friday, Mr Lubega however, said a lot need to be done by both individu...