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.
Insurance fraud unit reports Shs. 2.48 Billion cases..

A snapshot of the Statistics of reported cases of Fraud..

The Insurance Fraud Investigation Unit is investigating over Shs2.48 billion in fraudulent claims in the industry.

While presenting a summary of cases reported and investigated at the fraud unit between May and October 2018, the Insurance Fraud Unit Investigat..Read more.

Bancassurance contributes Shs. 9.3Bn from Nine Banks..

Alhaj Kaddunabbi Ibrahim Lubega with IRA Officials handing over Bancassurance Agents License to Joram Kiarie, the Managing Director KCB bank recently at IRA offices.

The sale of insurance products through banks (Bancassurance) contributed Shs9.3bn to the insurance sector. The collection was from nine banks licensed since end of 2017. The performance as at end of June 2018 shows that a total of Shs442bn in gross written premium Read more.

IRA continues in  consumer and consumer education drive..

The Ag. Director Planning, Market Research and Development facilitating a public and consumer education session at Kyambogo University recently.

The Insurance Regulatory Authority of Uganda recognizes that one way of fast tracking access to insurance is by creating awareness and deeper understanding of its benefits..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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