A model regulator of a secure and developed insurance industry
Make a Complaint
History of The Insurance Regulatory Authority of Uganda (IRA)
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 establishment of the Insurance Regulatory Authority of Uganda was a consequence of Government’s adoption of the liberalization and privatization policies which ended its role of directly engaging in the provision of goods and services and taking on the role of supervisor or regulator.
A model regulator of a secure and developed insurance industry.
To create an enabling Regulatory environment for a sustainable, inclusive and reliable insurance industry.
The main object of the Authority is to ensure effective administration, supervision, regulation and control of the business of insurance in Uganda.
The Authority shall, at all times, uphold the following values;
- Professionalism.
- Integrity.
- Accountability.
- Innovation.
WHY WE EXIST!
The establishment of the Insurance Regulatory Authority of Uganda was a consequence of Government’s adoption of the liberalization and privatization policies which ended its role of directly engaging in the provision of goods and services and taking on the role of supervisor or regulator.