Insurance and Healthcare
Insurance and Healthcare Industry in Uganda
The insurance and healthcare industry in Uganda is steadily evolving, playing a critical role in safeguarding livelihoods and enhancing access to quality medical services. While still developing, the sector has gained momentum in recent years, driven by economic growth, increased awareness of risk management, and rising demand for affordable healthcare.
Healthcare Sector:
Uganda’s healthcare system is a mix of public, private, and NGO-led service providers. The government, through the Ministry of Health, remains the primary provider of healthcare services, particularly in rural areas. However, private hospitals, clinics, and faith-based organizations complement these efforts by offering specialized and higher-quality care. NGOs also play a significant role in delivering health programs, particularly in HIV/AIDS, maternal health, child immunization, and community outreach.
Despite these efforts, the sector faces challenges such as inadequate funding, shortages of skilled medical professionals, limited infrastructure in rural areas, and heavy dependence on donor support. To address these gaps, Uganda is working toward implementing the National Health Insurance Scheme (NHIS), which aims to make healthcare more accessible and affordable by pooling resources across citizens, employers, and government. This shift is expected to improve service delivery and reduce out-of-pocket healthcare expenses, which remain a major burden for many households.
Insurance Industry:
Uganda’s insurance sector has grown steadily, regulated by the Insurance Regulatory Authority (IRA). Traditionally dominated by general insurance products such as motor, property, and fire insurance, the industry is now diversifying with life insurance, health insurance, and microinsurance gaining traction. Microinsurance, in particular, is expanding coverage to low-income earners and rural populations, helping to protect farmers, small traders, and vulnerable groups against risks such as illness, crop failure, and accidents.
Health insurance uptake remains relatively low, but ongoing reforms, combined with increasing public awareness, are expected to drive growth. Private health insurers, alongside HMOs (Health Management Organizations), are increasingly offering packages tailored to corporate clients, families, and individuals, signaling a shift toward broader market penetration.
Outlook:
The future of Uganda’s insurance and healthcare industry is promising, with digital technologies, mobile platforms, and fintech partnerships opening new avenues for affordable and accessible services. As the government strengthens policy frameworks and partnerships with private players, the industry is poised to expand, improving resilience, protecting livelihoods, and enhancing the overall well-being of Ugandans.
Transforming insurance for future success
Our financial services experts have the talent and ability to transform your insurance business so it can both meet the challenges of today more effectively and be fully prepared for the opportunities of tomorrow.
In an ever‑changing business landscape, there are numerous market disruptors for insurance providers which threaten your stability and growth trajectory.
To address this disruption and expand your business, our talented advisors provide personalized, specialty support through our in‑depth knowledge of financial, regulatory, compliance, technological, operational, benchmarking and bookkeeping issues related to your market.
Consulting, auditing and tax strategies designed for you
The insurance sector is currently grappling with significant challenges that are transforming the landscape of the industry. From advancements in data analytics and financial transformation to the critical importance of enhancing customer experience and reimagining claims processes, insurers must strategically prepare for the substantial changes impacting all facets of the industry.
We recognize the intricate challenges you encounter and their implications for your business operations. Our team of insurance specialists will guide you in managing risk, investing in technology, enhancing operational efficiencies and prioritizing customer experience – all essential elements for fostering sustainable growth. As a reputable authority in accounting, auditing, tax and consulting services, we possess the industry expertise necessary to navigate challenges and capitalize on opportunities.
Comprehensive services
In addition to the property, casualty, life and health insurance industries, we assist with:
Planning: With experience in general business, succession and/or technology, our team will help you develop and implement strategic plans to maximize your business goals.
Operations: With decades of experience, we can help benchmark your business, establishing best practices for all aspects of operations, including compensation, management processes, technology, financial and administration.
Profitability: We can navigate the rising costs of doing business, as well as address low revenue growth concerns.
Our services include:
- Accounting
- Assurance
- Financial reporting
- Tax advisory
- Strategic and annual business planning
- Operation reviews (HR, compensation, etc.)
- Succession planning and financing
- Technology planning
- Financial and operations benchmarking
- Valuation and related advisory services
- Mergers and acquisitions
- Bookkeeping practices