#PMLIVE: INSURANCE INDUSTRY UPDATE

Insurance companies have been urged to invest heavily in the fight against fraud which experts warn is immensely to blame for the slow penetration in the industry.
According to Mugisa Mustapha a Certified Fraud Examiner, Uganda’s insurance industry loses 5% of the total revenue collected annually to fraudsters.
The revelation was made during the 34th Chief Executive Officer meeting held in Kampala.

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