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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 sector premium grows by 16.13% in 2017..

The IRA Chief Executive Officer Alhaj Kaddunabbi Ibrahim Lubega and the Assistant Director Market Research and Development Mr. Sande Protazio at a press briefing while releasing the industry performance for the year 2017.

The increased uptake of medical insurance by corporate institutions, the new infrastructural projects especially the new dams and major road projects accounted for the growth of the sector in 2017. The total industry gross written premium income increased from UShs 634.8billion in 2016 to..Read more.
Build continental relationships-Africa's Insurance markets advised..

The AIO President Alhaj Kaddunabbi Ibrahim delivering his speech at the 45th AIO conference on Monday 7th May 2018, at Labadi Beach Hotel, Accra Ghana.

The President of Ghana, Nana Akufo-Addo officially opened the 45th African Insurance Organisation (AIO) taking place in Accra Ghana.

Akufo-Addo who was represented by the Senior Finance Minister of Ghana, Hon. Yaw Osafo-Marfo, said the fragmented nature... Read more.
Technology will shape the future of the insurance industry..

IRA's Deputy Board Chairperson Hajjat Aphwa Sebyala while attending the Pan African Bancassurance and Alternative distribution conference Mövenpick Ambassador Hotel, Accra Ghana.

Insurance practitioners participating at the first Pan African Bancassurance and Alternative Distribution conference agreed that technology will shape the future of insurance. 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
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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