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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 players challenged on research and mergers.

Dr. Isaac Nkote, the IRA Board Chairman addressing insurers and brokers at a cocktail at the Uganda Insurers Association Offices.

Insurance industry has been challenged on research, innovation, and mergers to improve the low penetration levels.

Dr. Isaac Nkoote, the IRA Board chairman told insurers and Brokers to consider carrying out research, investment in innovations and product development, and that small insurance firms should consider mergers and acquisitions as options to consolidate the sector.

Nkoote was speaking at a cocktail after the committee for liaison of underwriters and brokers (club) forum on Friday  Read more.

IRA to setup Insurance anti-fraud unit.

Insurance Regulatory Authority of Uganda joins insurance players to fight fraud.

The insurance industry has initiated the process of fighting insurance fraud as priority for the year 2018.

To curb the vice, the IRA in collaboration with the Uganda Insurers Association (UIA) will be setting up an insurance anti-fraud unit at the Authority.

The agenda was revealed at the CEO’s breakfast meeting on Wednesday 23rd November 2017, at Serena Hotel. This is due to the rampant insurance fraud incidences which are considered to be suffocating insurance business operations in Uganda.. Read more.

Insurers underwrite Shs.566.4b as at September 2017.

The Uganda Insurers Association Chief Executive Officer Ms. Miriam Magala, The IRA's Director Legal and Compliance Ms. Evelyn Nkalubo Muwembe and the World Bank Consultants Mr. Antony Randle and Richard Carpenter at the CEO's breakfast meeting at Serena Hotel.

The Insurance Regulatory Authority of Uganda released the aggregate performance highlights of the industry, wherein insurers underwrote gross premium Shs566.5 bn as at September 2017.While presenting the highlights to industry heads at Serena Hotel on Thursday, the IRA Chief Executive Officer Alhaj Kaddunabbi Ibrahim Lubega, said that non-life insurance business underwrote gross written premium... Read more.

 
 
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
https://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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