The Insurance Brokers Association of Uganda (IBAU) will on Friday hold its first annual conference for all insurance brokers from Uganda and around other EAC countries.
Held under the theme “The Deepening Agenda: The brokers Strategy”, the conference is aimed at providing a platform for regional licensed insurance brokers to discuss challenges facing the sector and look for the best solutions to overcome those challenges.
Over 200 participants including all licensed insurance players, representatives of policy makers, policy implementers and representatives from the traders association are expected to attend.
According to Solomon Rubondo, the chairman IBAU, the conference will promote sectoral professionalism but also deepen public awareness and knowledge about Insurance Brokerage. It will also help in deepening the insurance penetration I’m Uganda
Uganda still lags behind its EAC counterparts in Insurance coverage with only about 1million Ugandans insured.
“The meeting will also laud the spirit of regional cooperation especially for the insurance Brokerage as all chairmen of the all EAC countries association will be present” he said
The Prime Minister of Uganda Ruhakana Rugunda is expected to attend as the guest of honour.