The Insurance industry has launched an integrated marine insurance platform which will enable importers, especially shippers, to pay marine insurance through locally licensed insurance companies. The new development follows numerous challenges encountered by importers who have been paying marine insurance to foreign firms mostly in countries where they buy goods. According to Jjemba Kanakulya, an… Continue reading INTEGRATED MARINE INSURANCE PLATFORM LAUNCHED

Allianz, one of the international insurance players has now joined Uganda’s insurance market after acquiring majority shares in Jubilee Insurance Company of Uganda. The new player took up 66% of the shares after several approvals from the Insurance Regulatory Authority of Uganda (IRA). According to Coenraad Vrolijk, the Regional CEO of Allianz Africa, the team… Continue reading ALLIANZ JOINS UGANDA’S INSURANCE MARKET.

Given the young and growing population which dominates Uganda, insurance players have been challenged to embark on coming up with innovative insurance products which respond to the needs of this current population if they are to become resilient and grow amidst the current economic challenging time. “The world is changing and we must get new… Continue reading CREATE PRODUCTS WHICH RESPOND TO CURRENT NEEDS – EMMANUEL KATONGOLE

Covid-19 has become a household word and by this time most of us have lost someone. Covid 19 has disrupted all aspects of life, be it social or economic. The partial easing of the second lockdown that the country has just experienced is thought to bring some relief to both households and the economy. There… Continue reading CREATIVITY AND INNOVATION WILL KEEP YOU AFLOAT – COVID-19 LESSONS

The Annual Insurance Market Report for the year 2020 is out. The report comprises of every detail in regards to the developments and performance in the insurance sector. This report can be accessed through this link.

The year 2020 was like no other year we have experienced before, many had to put their travel plans on hold partly because of the fear and anxiety of contracting the COVID-19 virus and prolonged lockdowns that were being imposed around the world. As the pandemic continues and months go by, since the first case… Continue reading WHY YOU NEED TRAVEL INSURANCE

The new Board for the Insurance Training College has finally been constituted and inaugurated by the Minister for Finance, Planning and Economic Development Hon Matia Kasaija. The Board is the first of its kind since the Training College transformed from the Insurance Institute in Uganda (IIU). Speaking at the swearing-in ceremony held at the Ministry… Continue reading INSURANCE TRAINING COLLEGE GETS NEW BOARD

Uganda’s insurance market is set to widen following the introduction of Takaful insurance. According to the Insurance Regulatory Authority’s Chief Executive Officer Alhaj Kaddunabbi Ibrahim Lubega, the Authority has made tremendous strides in promoting Takaful insurance and so far, the regulations are before the minister of Finance, planning and Economic Development Matia Kasaija for endorsement.… Continue reading TAKAFUL INSURANCE TO WIDEN INSURANCE MARKET IN UGANDA

On 31st March 202021, Members of Parliament passed the National Health Insurance Scheme (NHIS) bill, which seeks to provide universal healthcare to all Ugandans. However, before its’ passing, the State Minister of Health Hon. Robinah Nabbanja had made it clear to the House that the Bill in its current state needed to be withdrawn pending… Continue reading PASSED NHIS BILL STILL HAS GAPS TO BE ADDRESSED

The Insurance Training College has graduated a total of 996 students in the disciplines of Certificate of Proficiency (COP), Certificate in Insurance (CIU), and Diploma in Insurance (DIU). These are the major courses that the college has majored in overtime. Oher short courses where a number of students graduated include the; the Certificate in Impact… Continue reading ITC HOLDS 6TH GRADUATION CEREMONY