Liberty General Insurance Uganda has engaged members of the Uganda Cargo Consolidated Association (UCCA) in a strategic stakeholder session aimed at raising awareness of marine insurance and its role in helping traders reduce costs, remain compliant, and protect their cargo.
The engagement brought together UCCA members, cargo consolidators, importers, and key players in Uganda’s trade ecosystem to address a growing concern: the financial impact of delayed or absent marine insurance on shipments.
Speaking at the session, the Managing Director of Liberty General Insurance, Peter Makhanu, emphasized the company’s objective of promoting awareness and encouraging timely insurance uptake.
“Our purpose today is to create awareness about marine insurance and demonstrate how it can help traders save money while protecting their businesses. Too many traders are currently incurring a 1.5% surcharge simply because insurance is arranged late. This is a cost that can be avoided,” he said.
Makhanu noted that Liberty General Insurance offers marine insurance at 0.4% of cargo value, positioning it as a more affordable and proactive option for traders.
“Why lose 1.5% when you can insure at 0.4%? This is about making smarter business decisions and reducing unnecessary costs while protecting your goods throughout the journey,” he added.
He highlighted that in Uganda’s trade environment, where goods are transported through regional ports such as Mombasa and Dar es Salaam into key commercial hubs in Kampala, cost efficiency remains essential for traders operating on tight margins.
The Chairman of UCCA, Kenneth Ayebare, welcomed the partnership and stressed the importance of awareness and collaboration in strengthening the sector.
“As an association, our role is to support our members with the right information and partnerships that improve how they do business. Many traders are not fully aware of the financial implications of delayed insurance. Engagements like this are critical in helping our members make informed decisions, reduce unnecessary costs, and protect their cargo,” he said.
He added that marine insurance should be viewed not as a last-minute requirement but as a fundamental part of the importation process.
The session forms part of Liberty General Insurance’s broader strategy to position itself as a leading provider of marine insurance solutions while supporting Uganda’s trading community with practical, accessible, and cost-effective risk management services.
Through this partnership, both organizations aim to increase awareness of marine insurance among traders, encourage early insurance adoption, reduce avoidable surcharges, and strengthen confidence in cross-border trade.
Liberty General Insurance reaffirmed its commitment to delivering simplified processes, reliable claims support, and tailored solutions aligned with the realities of Uganda’s trading environment.
