A model regulator of a secure and developed insurance industry

IRA PARTNERS WITH UBTS TO COLLECT BLOOD

The outbreak of Covid-19 with its subsequent impact like the closure of schools affected Uganda Blood Transfusion Services’ blood collection efforts since students contribute 95% of blood needed for transfusion. The closure of schools therefore caused a physiological shortage of blood in different hospitals. This has since created the need for massive blood donation campaigns… Continue reading IRA PARTNERS WITH UBTS TO COLLECT BLOOD

IRA LAUNCHES EXTERNAL CLIENTS SERVICE CHARTER

As a way of ensuring that the public receives timely and quality services, the Insurance Regulatory Authority of Uganda (IRA) has launched the external Clients Service Charter which spells out the rights and obligations of all clients to the Authority. According to the IRA Chief Executive Officer Alhaj Kaddunabbi Ibrahim Lubega, the charter now creates… Continue reading IRA LAUNCHES EXTERNAL CLIENTS SERVICE CHARTER

SURVIVING IN A CAREER AS AN INSURANCE AGENT

The insurance industry in 2020 recorded Gross Written Premiums of 1.06 trillion Uganda shillings. The major question one may ask is, how can this benefit someone out there looking at starting a career as an insurance agent? I would respond that the size of the insurance industry is currently a gold mine. Why is this… Continue reading SURVIVING IN A CAREER AS AN INSURANCE AGENT

INSURANCE SECTOR HITS SHS1 TRILLION GWP MARK

INSURANCE SECTOR HITS SHS1 TRILLION GWP MARK AS INSURANCE COMPANIES PAY OUT SHS440BN IN CLAIMS. The 2020 Insurance Sector Performance Report released by the Insurance Regulatory Authority of Uganda (IRA) indicated that the claims paid out on account of both life and non-life increased by 18.62% from shs374.9 billion in 2019 to shs444.69 billion last… Continue reading INSURANCE SECTOR HITS SHS1 TRILLION GWP MARK

INSURANCE AGENTS ASKED TO PROVIDE RIGHTFUL INFORMATION ON INSURANCE PRODUCTS

The Insurance Regulatory Authority of Uganda (IRA) has encouraged insurance agents to be mindful about the kind of information they share with potential insurance clients concerning different insurance policies. Being a direct link between insurance companies and clients, the call is to ensure that the public is not misguided or misled into buying insurance policies… Continue reading INSURANCE AGENTS ASKED TO PROVIDE RIGHTFUL INFORMATION ON INSURANCE PRODUCTS