The Brokers’ Conference finally happened on Thursday, April 7th, at Speke Resort Munyonyo in the Victoria Ballroom. It was a highly anticipated conference thanks to the flurry of teasers on TV, radio, and social media. And unlike many conferences of this nature, it didn’t disappoint by all standards. In fact one would say, the insurance brokers under their umbrella body – the Insurance Brokers Association of Uganda (IBAU) outdid themselves.
A major highlight of this conference was the keynote address delivered by Ms. Anne Juuko, CEO of Stanbic Bank Uganda, who unflinchingly challenged the brokers and the insurance fraternity, in general, to desist from complicating insurance and make it more accessible to all audiences. “Simplify insurance, let the people know what’s in it for them, and ensure that the process of acquisition is straightforward.” Ms. Juuko also passionately touched on diversifying the workforce environment pointing to the fact that women & people with disability should be given more opportunities.
Minister Amos Lugoloobi.
The Guest of Honor, Hon Amos Lugoloobi – State Minister for Planning in his speech pledged to support the insurance sector as they play their role in revitalizing the economy. “This year, our projected revenue loss that was approved by parliament was 2.5 Trillion Shillings which prompted a budget cut of 40% which then affected service delivery”. He explained that if government had an insurance policy to protect it against this risk, it would have been indemnified as opposed to borrowing to cover the gap. He therefore invited the insurance sector to step up and work with government for the prosperity of the economy.