| Life premium volume (USD) | 11 mn |
|---|---|
| Non-life premium volume (USD) | 99 mn |
| Total premium volume | 110 mn |
| Total premium volume (UGX) | 240 bn |
| Insurance penetration: Premiums in % of GDP | 0.45% |
| Insurance density: Premium / capita USD | 3.61 |
| Local currency | UGX |
| Domestic life insurers | 8 |
|---|---|
| Domestic non-life insurers | 23 |
| Domestic composite insurers | 0 |
| Foreign life insurers | 0 |
| Foreign non-life insurers | 0 |
| Foreign composite insurers | 0 |
| Domestic reinsurers | 2 |
| Foreign reinsurers | 2 |
| State-owned insurers | 0 |
| State-owned reinsurers | 0 |
| Insurance intermediaries | 48 |
| Reinsurance intermediaries | 3 |
| Overarching principle in insurance supervision | Material supervision |
|---|---|
| Requirement for minimum insurance rates | Yes |
| Cross-border insurance allowed | No |
| Bancassurance is allowed | Yes |
|---|---|
| Allowed ownership structures | Stock Companies |
| Foreign ownership restrictions | No |
| Minimum capital requirement | Life: $810000; General $1,080,000; Reinsurers $2,700,000 |
| Minimum paid-up share capital | Life: UGX3,000,000,000; General UGX4,000,000,000; Reinsurers UGX10,000,000,000 |
| Requirement for independent audits | Yes |
| Requirement to appoint actuaries | Yes |
| Premium rate approval needed | Yes |
| Solvency referred to as the difference between assets and liabilities | Yes |
|---|---|
| RBC (Risk-based capital) principles applied | Yes |
| Ceded reinsurance is regarded as a permissible asset | Yes |
| Compulsory insurance lines | Motor TP, Workers Compensation and Marine/GIT (Imports) |
| Compulsory reinsurance cessions | Yes |
| Established guarantee or policyholder protection fund | No |
|---|
