Martin AgayaReport on Uptake of Insurance Services in Uganda 2018
The findings of the FinScope survey conducted in 2018 show that formal insurance uptake in Uganda is at 1%. Current insurance penetration in Uganda is also estimated at 1%. The low level of formal insurance uptake is attributable to public mistrust, low public awareness and a narrow insurance product range – especially for low income earners.
Uptake of formal insurance was 6% in Kenya, 9% in Rwanda and 15% in Tanzania. This means that uptake of formal insurance in Uganda is the lowest in the region.
Blended Finance Catalysing Financial Inclusion in Uganda
Data sets – FinScope Uganda 2023 Survey Dataset
FinScope Uganda 2023 Survey
Empowering Micro, Small, and Medium Enterprises: The Influence of Microfinance Group Lending