A model regulator of a secure and developed insurance industry

IGNITING EXCELLENCY IN THE INSURANCE SECTOR

This magazine profiles a journey that transcends boundaries, defies norms, and champions the very essence of progress within our dynamic sector. Within this information-rich pieces, you will find not only a retrospective tapestry of the preceding three award galas, but also a compelling collection of narratives about the current edition. The profiles of the nominees… Continue reading IGNITING EXCELLENCY IN THE INSURANCE SECTOR

FIRMS, INDIVIDUALS SHINE AT THE 2023 INNOVATION AWARDS GALA

It was all joy on Friday, March 15, as the Insurance Regulatory Authority of Uganda (IRA) once again awarded the most innovative industry solutions at a colorful ceremony held at Kampala Serena Hotel. With nine categories and plaques of gold and silver, the 2023 Insurance innovation awards recognized the “cream of the crop” in Uganda’s… Continue reading FIRMS, INDIVIDUALS SHINE AT THE 2023 INNOVATION AWARDS GALA

IRA AUTHORISES 139 INDUSTRY PLAYERS TO TRANSACT IN 2024

Licensed insurance Players

IRA AUTHORISES 139 INDUSTRY PLAYERS TO TRANSACT IN 2024 The Insurance Regulatory Authority of Uganda (IRA) has authorised a total of 139 industry players to conduct insurance business, effective January 2, 2024. The players include two (2) Re-insurers, 20 Non-life Insurers, eight (8) Life Insurers, five (5) Micro Mnsures, two (2) Health Membership Organisations (HMOs),… Continue reading IRA AUTHORISES 139 INDUSTRY PLAYERS TO TRANSACT IN 2024

IRA LAUNCHES FOURTH INSURANCE INNOVATION AWARDS

The Insurance Regulatory Authority of Uganda (IRA), in partnership with the industry umbrella bodies, has launched the fourth round of the Innovation awards. Speaking at the launch ceremony at the Insurance Tower in Kampala on November 23, the IRA Chief Executive Officer, Alhaj Kaddunabbi Ibrahim Lubega said the innovation awards have become change agents by… Continue reading IRA LAUNCHES FOURTH INSURANCE INNOVATION AWARDS

STRONG GOVERNANCE PRACTICES FUNDAMENTAL IN BUILDING RESILIENT INSTITUTIONS

With companies navigating an unprecedented mix of challenges, Boards of Directors have been urged to ensure strong governance practices to build resilient institutions. The call was made by the Insurance Regulatory Authority of Uganda (IRA) Director Legal Services/ Secretary to the Authority, Mrs. Francesca N. Kakooza during the 2023 League of East African Directors (LEAD)… Continue reading STRONG GOVERNANCE PRACTICES FUNDAMENTAL IN BUILDING RESILIENT INSTITUTIONS

IMPROVE SERVICES QUALITY TO DEEPEN INSURANCE PENETRATION – PLAYERS TOLD

Insurance industry players have been urged to improve service quality, especially in areas of customer care, communication channels, claims payment and complaints management to increase insurance uptake. The appeal was made by the Insurance Regulatory Authority of Uganda Chief Executive Officer, Alhaj Kaddunabbi Ibrahim Lubega during the 57th CEOs breakfast meeting held at Kampala Serena… Continue reading IMPROVE SERVICES QUALITY TO DEEPEN INSURANCE PENETRATION – PLAYERS TOLD

INSURANCE INDUSTRY POSTS IMPRESSIVE Q2 PREMIUM GROWTH

Q1 Press briefing

The Insurance Regulatory Authority of Uganda (IRA) has reported strong second-quarter results, showcasing impressive growth in written premiums on the back of a resilient sector. The industry’s written premiums posted an upswing of 16.5% from UShs711.6 billion posted in Q2, 2022 to uShs828.9 billion as at the end of June 2023. The IRA Chief Executive… Continue reading INSURANCE INDUSTRY POSTS IMPRESSIVE Q2 PREMIUM GROWTH

WHY NHIS SHOULD BE MANDATORY FOR ALL

By Alhaj Kaddunabbi Ibrahim Lubega – IRA CEO Reference is made to an article titled “Exclude the poor from health insurance contributions – experts” that was published in the media on August 15, 2023. In the article, the writer quotes Dr Githinji Gitahi, the Chief Executive Officer of Amref Health Africa, saying that government should… Continue reading WHY NHIS SHOULD BE MANDATORY FOR ALL

THE IRA INSURANCE NEWSLETTER – LATEST EDITION (JUNE 2023)

Welcome to our latest issue of the Insurance Buzz, our communication channel through which we share with you the developments that have taken place in the insurance industry in a particular quarter. “Firstly, I would like to welcome you back from the 2023 Insurance Industry Sports Gala, and thank you for participating in such big… Continue reading THE IRA INSURANCE NEWSLETTER – LATEST EDITION (JUNE 2023)

INSURANCE SECTOR POSTS STRONG GROWTH IN 2022

INSURANCE SECTOR POSTS STRONG GROWTH IN 2022

Uganda’s insurance sector recorded a year of strong growth of 20.4% in 2022 compared to 10.61% in 2021. Statistics released by the Insurance Regulatory Authority of Uganda (IRA) show that the sector’s Gross Written Premium (GWP) grew from UShs1.183 trillion in 2021 to UShs1.425 trillion in 2022. The IRA Chief Executive Officer Alhaj Kaddunabbi Ibrahim… Continue reading INSURANCE SECTOR POSTS STRONG GROWTH IN 2022