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How Clarkson Insurance Brokers rose from the bottom to the industry’s No.1 player in 16 years

Muhereza Kyamutetera

THE CLARKSON WINNING TEAM― (LEFT-RIGHT) Charles Muhoozi, Chief Executive Officer; Alex Mataka, General Manager; Angela Babirye, Operations Manager and Arnold Baguma, Business Development Manager. Under the leadership of Mr. Muhoozi, Clarkson’s revenues, which is reflective of insurance business placed, has grown 63 times (6233%) from UGX111.2 million in 2011 to UGX7 billion in 2019, curving out a 16.2% market share in a market of 40 players.

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This October, the Insurance Regulatory Authority (IRA) released its much-awaited 2019 Annual Performance Report for the insurance sector. The report, details the performance, of the country’s 21 non-life insurance companies; 9 life insurance companies; 1 micro-insurance company and 5 Health Membership Organisations (HMOs). In the year 2019, Gross Written Premiums (GWP) for the industry inc

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