By our reporter

The Insurance sector is looking forward to reap big from oil and gas boom.

Uganda’s insurance industry,with a combined premium collection of shs 611 billion today,may have alittle more preparation to do ahead of the anticipated oil and gas economic boom.

According to the ministry of energy and mineral development, the forth coming activities around the constrution of oil fields, oil refinery and pipeline, would trigger dollar inflows in excess of shs30 trillion.

But the Uganda Insurers Associatian, insists that they have since constituted an oil and gas core insurance syndicate of sixteen firms to capture part of the expected pie of the capital flows.