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Goldstar is one of the leading Insurance Companies in Uganda. We provide all types of General Insurance services to industrial, commercial, professional firms, Government institutions, individuals and other enterprises throughout Uganda.
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In 2018 Goldstar managed to achieve 18% growth in Gross Written Premiums, which far exceeded the industry average. Gross Premium Income has grown by over 25% in the last 5 years, and Goldstar has cemented a position within the Top 5 Insurance Companies in Uganda.
Goldstar has consistently demonstrated strong underwriting profits year on year. This further highlights disciplined underwriting and excellent management of the business. Goldstar reinvests profits to ensure the financial stability of the company for many years to come.
Goldstar has one of the highest capital adequacy ratios (CAR) in the Ugandan Insurance Industry at over 622%. The capital adequacy ratio measure the amount of capital an insurance company has relative to the minimum requirement by the regulatory– i.e. Goldstar has over 6 times the minimum requirement, further highlighting its financial strength.
Goldstar has one of the highest capital reserves in the Ugandan insurance industry at UGX 24.9 billion. The minimum requirement in the industry currently is UGX 4 billion for insurance companies, therefore Goldstar has significantly more than the minimum as dictated by the Regulator. Having sufficient capital gives customers greater comfort that in the event of a claim, there are enough resources to settle all claims regardless of the size.
The Liquidity Ratio reflects a company’s ability to meet its short-term financial obligations. Goldstar has a liquidity ratio in excess of 342% which means you have the assurance that in the event of a claim, Goldstar can settle all genuine claims quickly and in a timely manner.
The Solvency Ratio reflects a company’s ability to meet its long-term financial obligations. Goldstar has consistency held a high Solvency Ratio demonstrating its deep financial strength and capacity. In 2018, the Solvency Ratio stood at over 1575%.
In 2018 Goldstar managed to achieve 18% growth in Gross Written Premiums, which far exceeded the industry average. Gross Premium Income has grown by over 25% in the last 5 years, and Goldstar has cemented a position within the Top 5 Insurance Companies in Uganda.
Goldstar has consistently demonstrated strong underwriting profits year on year. This further highlights disciplined underwriting and excellent management of the business. Goldstar reinvests profits to ensure the financial stability of the company for many years to come.
Goldstar has one of the highest capital adequacy ratios (CAR) in the Ugandan Insurance Industry at over 622%. The capital adequacy ratio measure the amount of capital an insurance company has relative to the minimum requirement by the regulatory– i.e. Goldstar has over 6 times the minimum requirement, further highlighting its financial strength.
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