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dc.contributor.advisor Kaye-Essien, Charles Wharton
dc.contributor.author Nambafu, Doreen
dc.date.accessioned 2020-01-09T11:24:51Z
dc.date.available 2020-01-09T22:00:06Z
dc.date.created Winter 2020 en_US
dc.date.issued 2020-01-09
dc.identifier.uri http://dar.aucegypt.edu/handle/10526/5824
dc.description.abstract The importance of life insurance to the social and economic welfare of a country cannot be overemphasized. Life insurance does not only boost a nation’s financial investment sector, but it also ultimately creates a safety net for families. Despite the significant growth of the insurance industry in Africa over the years, the growth of the sector in Uganda continues to lag behind with a measly penetration rate of 0.8 percent. This low use of life insurance across Uganda raises questions about what determines life insurance consumption. This thesis addresses this concern through the application of a mixed methods approach—combining both quantitative and qualitative methodologies. The qualitative approach focused on capturing macro-level determinants of life insurance consumption through in-depth interviews conducted with life insurance experts and focus group discussions with educated and working-class youth in Kampala city. The quantitative approach on the other hand, focused on micro-level determinants such as marital status, income level, education level, number of dependents, level of insurance awareness and the perception of insurance as an important financial tool. Results of the analyses showed that macro level factors such as inflation, political climate, financial sector development, consumer education, presence of other financial options have a strong influence on the demand for life insurance in Uganda. At the micro level, results of a logistic regression using a sample of 393 respondents, showed that all other things being equal, one’s marital status, income level, level of insurance awareness and the perception of insurance as an important financial tool significantly influence life insurance consumption in Uganda. Based on these findings, the study recommended that the inclusion of insurance in the school curriculum; reassessing the current tax system; creation of wealth accumulation products as well as affordable insurance policies. en_US
dc.description.sponsorship African Fellowship, the American University in Cairo. en_US
dc.format.extent 85 p. en_US
dc.format.medium theses en_US
dc.language.iso en en_US
dc.rights Author retains all rights with regard to copyright. en
dc.subject Insurance en_US
dc.subject Uganda en_US
dc.subject Life insurance Consumption en_US
dc.subject Government policy en_US
dc.subject.lcsh Thesis (M.P.P.A.)--American University in Cairo en_US
dc.title Macro and micro-level determinants of life insurance consumption: a case for policy intervention in Uganda. en_US
dc.type Text en_US
dc.subject.discipline Public Policy en_US
dc.rights.access This item is available en_US
dc.contributor.department American University in Cairo. Dept. of Public Policy and Administration en_US
dc.description.irb American University in Cairo Institutional Review Board approval has been obtained for this item. en_US
dc.contributor.committeeMember Bhuiyan, Shahjahan
dc.contributor.committeeMember Hadi, Ali


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  • Theses and Dissertations [1866]
    This collection includes theses and dissertations authored by American University in Cairo graduate students.

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