UIA met with the Kampala City Traders Association (KACITA) to share preliminary findings from the Traders’ Insurance Uptake Survey that was conducted in June & July 2023. Our team was led by Market Development Manager – Annet Katusiime & Research Officer - Angella Kemigisa while KACITA was represented by: Chairman - Dr. Musoke Thaddeus Nagenda, Vice Chairperson - Hope Katusiime, CEO - Mwesigye Abel, Board Member - Mbuga Simeo, Board Member - Prossy Musoke, Board Member - Issa Sekitto & Board Member - Edirisa Mugisha. The meeting took place on 6th September, 2023 at the KACITA Head Office in Kampala.
The Traders’ Insurance Uptake Survey was meant to gauge the traders’ knowledge on insurance, understand their risks and establish how insurance can come in to address the risks they face & fill their insurance knowledge gap.
In her submission, Ms. Kemigisa explained that the study was based on the need to understand the challenges faced by KACITA members. She revealed that UIA is faced with a challenge of penetrating the KACITA membership underscoring the need for the association to understand the challenges & risks that the KACITA members face and in turn, support them from an informed standpoint. She said that the survey was premised on understanding the traders’ uptake of insurance, how to bring insurance information closer to the KACITA members, ascertain their likelihood to insure their businesses, and how they are saving for retirement.
She reported that UIA was able to access traders in Mbale & Mbarara thanks to the Mbale City Traders Association & Mbarara City Traders Association respectively. She also said that while many lessons are to be drawn by insurance companies from the survey, KACITA can draw lessons too, further imploring the KACITA Board to utilize the findings to support their member traders.
Ms. Katusiime noted that UIA’s members are focusing on supporting different sectors and that getting evidence is the first step in the right direction and therefore, through KACITA, they will be able to reach more traders. She also delivered our CEO’s appreciation for KACITA’s support in enabling the survey.
The KACITA CEO – Mr. Mwesigye Abel thanked the UIA team for sharing important feedback with KACITA & noted that they look forward to more value addition between the associations while KACITA Vice Chairperson - Ms. Hope Katusiime added that KACITA is open to working more with UIA.
The UIA Team promised to share the full report with KACITA by October 2023.