IRA



 
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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.
PS Muhakanizi asks Banks to support Insurance customers..

The Executive Director Supervision Bank of Uganda Dr. Tumubweinee Twinemanzi, Ag. Commissioner Financial Services Department Mr. Henry Mbagutta and IRA's Ag. Director Supervision Bernard Obel at the 3rd Annual Bancassurance Forum on 1st August 2018, at Golden Tulip Hotel.

Insurers and banks discuss success drivers of Bancassurance in Uganda at the 3rd Annual Bancassurance Forum.

While opening the forum, the Permanent Secretary and Secretary to the Treasury, Ministry of Finance, Planning and Economic Development, Mr. Keith Muhakanizi asked Banks to support insurance customers to pay their premiums through insurance premium..Read more.
IRA licenses more players..

Standard Chartered Bank Chief Executive Officer Mr. Albert Saltson receives the Bancassurance Agency License from the IRA Chief Executive Officer Alhaj Kaddunabbi Ibrahim Lubega at IRA offices.

The Bancassurance came into effect in July 2017. In respect to 2018 licensing, the Insurance Regulatory Authority of Uganda has licensed Standard Chartered Bank and EXIM Bank to conduct bancassurance business. The banks become the eleventh and twelfth respectively in this...Read more.
Lawyers sensitized on workers' compensation.

Lawyers listen to IRA's Director Legal Mrs. Evelyn Nkalubo-Muwemba while making a presentation on  the salient issues in workers' compensation Insurance cover at Golden Tulip Hotel, Kampala..

The Uganda Law Society conducted a sensitization workshop on Labor laws, Industrial relations and high on agenda was Workers Compensation Insurance law.

The Chief Judge of Industrial Court, Hon. Justice Asaph Ruhindi addressed about 100 lawyers on 1st August 2018, at the one day Read more.
 
 
See a list of licensed Players;

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

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

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