Ugandan commercial banks earned 12 billion shillings (3 million USD) in commission as insurers during the 3rd quarter of 2021, the local press reported on Wednesday (January 26th). This result shows that bancassurance has become a new source of revenue for financial institutions. Since 2017, the Uganda Insurance Regulatory Authority (IRA) has licensed 20 commercial…...
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Bancassurance: Ugandan banks earn 3 million USD in commission in the 3rd quarter of 2021
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