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Insurance Regulatory Authority of Uganda
The Insurance Regulatory Authority of Uganda (IRA) was established under section 14 of the Insurance Statute 1996 now The Insurance Act,(Chap213) Laws of Uganda, 2000(Insurance Act)which came into effect on 4th April 1996 and commenced operations in April 1997

The main object of the Authority is to ensure the effective administration, supervision, regulation and control of the business of Insurance in Uganda.

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Our Key Functions
The Objective of the Authority is to ensure the effective administration, supervision, regulation  and control of the business of Insurance in Uganda.
 
  • establish standards for the conduct of insurance and reinsurance business;
  • license all persons involved in or connected with insurance business, including insurance and reinsurance companies, insurance and reinsurance intermediaries, loss adjusters and assessors, risk inspectors and valuers;
  • approve texts of policies proposal forms;
  • approve minimum rates of insurance premiums and maximum commissions in
    respect of all classes of insurance;
  • safeguard the rights of insurance policyholders and insurance beneficiaries to any insurance contract;
  • provide a bureau to which complaints may be submitted by members of the public;
  • advise the Government on adequate insurance protection and security for national
    assets and national properties;
  • promote a sound and efficient insurance market in the country;
  • supervise and control transactions between insurers and re-insurers;
  • ensure strict compliance with this Act and regulations made under it and any
    other law relating to insurance; and
  • undertake other functions as the Minister may designate.
IRA holds a stakeholder consultative workshop on the Insurance (Bancassurance) Regulations, 2016.

Mr. Godfrey Yiga, Deputy Director Commercial Banking, BOU giving remarks during the stakeholders consultative Workshop on Bancassurance, at Imperial Royal Hotel.

The Insurance Regulatory Authority of Uganda (IRA) in collaboration with the Ministry of Finance, Planning and Economic Development and Bank of Uganda (BOU) held a half-day Workshop on the draft Insurance (Bancassurance) Regulations, 2016 at the Imperial Royale Hotel Kampala on the 21st September 2016. The main objectives of the Workshop were to build consensus on the amended draft regulations as well as gather additional views from several stakeholders.  Read more.

Fraud on the rise in the Insurance industry..

There is high and growing insurance fraud in the sector, insurance players have noted. Insurance fraud, ranging from underwriting through to claims, is negatively affecting the business of the sector.

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UAP Life wins 2016 Insurance sports gala..

UAP Life insurance Company emerged the winner of the 2016 Insurance sports gala accumulating 255 points.  The first runners up APA insurance company with 190 points and defending champion ICEA Life Assurance Company taking the third position with 175 points.

 
 
See a list of licensed Players;

Important Links
 
Our Contacts
Address:
Plot5,Kyadondo Road, Nakasero. Legacy Towers, Block B, 2nd Floor.
Kampala 22855 - Uganda
 
E-mail: ira@ira.go.ug
Telephone: 0312-266364/ 0414-346712 / 041-4253564
Fax: 256 414 349260
http://www.ira.go.ug
 
Information Center
 

Employee of the Month


To Make a Complaint, Click Here or Call Toll Free 0800 124 124
Complaints Bureau
 
About the Bureau
The Authority set up a Complaints Bureau in 1998 as per Section 15(f) of the Insurance Act to handle complaits against Insurance players. The public is urged to always lodge complaints with the Bureau for prompt settlement to complaints and avoidance of lengthy and costly Court cases
For complaints / Suggestions
Your Name:
E-mail:
Telephone Number
Insurers
Comments

Insurance Players
Regulations
Licenced Insurance Brokers
Licenced Loss Adjusters
Licenced Insurance Companies
HMOs
Licenced Agents
Insurance Regulations 2002
HMOs Regulations
Investment Regulations of Paidup Capital

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