Insurance Research Studies

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Welcome to the Insurance Research Repository, developed by the Insurance Training College to enhance insurance education, industry practices, and policy development. In a rapidly changing insurance landscape, access to current knowledge and insights is essential. Our repository offers a diverse range of resources, including academic research, case studies, and industry reports, catering to students, educators, and professionals alike. Students can deepen their understanding, educators can find valuable teaching materials, and professionals can stay informed on the latest trends and policies. By providing these resources, we aim to foster a community of informed practitioners dedicated to the future of the insurance industry. We invite you to explore the wealth of information available and contribute to the ongoing advancement of insurance knowledge and practices.

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    Herd behaviour and health insurance demand in Uganda
    (Insurance Training College, 2025-02-26) Dr. Yusuf Katerega Ndawula
    This study explores the impact of herd behavior on health insurance purchasing decisions in Uganda. Using a convergent parallel mixed-methods design, the study integrates qualitative and quantitative data to examine the relationship between herd behavior and insurance demand, as well as its key determinants. A sample of 399 policyholders, drawn from Uganda’s eight licensed life insurance companies, was analyzed using surveys and interviews. Findings reveal that policyholders heavily rely on peers, family, and personal doctors when selecting health insurance, driven by social validation and a lack of confidence in independent decision-making. While herding can boost insurance uptake, it may lead to suboptimal choices affecting financial planning and satisfaction. The findings highlight the need for behaviorally informed insurance products and contribute to theoretical discussions on social influence in insurance markets.