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By Alhaj Kaddunabbi Ibrahim Lubega – Chief Executive officer , IRA Uganda Reference is made to a story that appeared in one of the daily
Uganda’s insurance industry registered robust growth rate in 2023 on the back of enhanced insurance customer confidence, improved distribution channels, and growth in online transactions.
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,
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
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
By Alhaj Kaddunabbi Ibrahim Lubega – IRA CEO Reference is made to an article titled “Exclude the poor from health insurance contributions – experts” that
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
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
The Insurance Regulatory Authority of Uganda (IRA) has today received the giant savings bank from the Uganda Insurers Association at a function held at the
It was joy and glamour as the insurance industry’s most innovative solutions for 2022 were honored at a dazzling awards gala held Friday March 10th,
The 2023 Annual Insurance Week (AIW), the Insurance Regulatory Authority (IRA) flagship event that seeks to promote insurance awareness among the public and ensure consumer
This week is dedicated to sensitizing and educating you on matters of insurance. The week brings together all licensed insurance players to physically interact with
134 INSURANCE PLAYERS AUTHORDISED TO TRANSACT IN 2023 The Insurance Regulatory Authority of Uganda (IRA) has authorised a total of 134 industry players to conduct
The Insurance Regulatory Authority of Uganda (IRA) has launched the 2022 insurance Industry Innovation Awards. This is the third edition of the awards and it
Uganda’s insurance industry grew faster in the third quarter of 2022 than had been earlier projected. Figures released by the Insurance Regulatory Authority of Uganda
Financial services providers have been urged to build and extend affordable and user friendly green financial solutions to underserved and low-income Ugandans to encourage them
The Insurance Regulatory Authority of Uganda (IRA) hosted a two-man delegation from the Tanzania Insurance Regulatory Authority (TIRA) that was in the country on a
The Insurance Regulatory Authority of Uganda (IRA) recently teamed up with the Uganda Blood Transfusion Services (UBTS) to mobilize blood amid its growing demand in
The Insurance Regulatory Authority of Uganda (IRA) has launched a Complaint Management System to efficiently track and address grievances between insurers and the insuring public.
The Insurance industry remained on a positive growth trajectory over the first six months of the year, further demonstrating the sector’s resilience amid a contracting
According to Alhaj, an insurance product that allows one to access medical during retirement, among others.
Equity Bank Uganda has joined the list of banks offering bancassurance services in the country. The bank with a network of about 50 branches across
Selected district in Eastern Region became beneficiaries of the IRA’s regional awareness programs when its officers camped in the region for two days to take
Life Insurance underwriters have been challenged to consider introducing insurance covers that enable people to contribute while still active and access medical attention in old
The Insurance Regulatory Authority of Uganda (IRA) successfully concluded a regional awareness program in the mid-Western Uganda, covering the districts of Hoima, Kagadi, Masindi Kiryandongo,
Life insurance product buyers are set to enjoy more accurate pricing for life insurance products following the launch of the Assured Lives Mortality Tables by
In this 7th edition of the IRA Newsletter, you will find out how the Inaugural Insurance Week went down ending with the 2nd edition of
At least six firms in the insurance industry have been awarded for their innovativeness in the just concluded second edition of the Insurance Product Innovation
The Insurance Regulatory Authority of Uganda (IRA), successfully held the inaugural Insurance Week from March 7 – 11, at the Railways Grounds in Kampala. The
March 3, 2022. The Insurance Regulatory Authority of Uganda (IRA) has launched the inaugural Insurance Week, an event that seeks to take insurance information closer
The Insurance Regulatory Authority of Uganda (IRA) will on March 11, award the most innovative industry players. This follows the launch of the second Insurance
With its ability to expedite numerous processes to increase efficiency, technology has positioned itself as a key enabler of survival and growth of businesses, irrespective of size
The Insurance Regulatory Authority Chief Executive Officer, Alhaj Kaddunabbi Ibrahim Lubega said enforcing the new CAR will ensure that the insured enjoy better and faster service provision.
Uganda’s insurance industry, is well positioned and adequately capitalised to support the successful implementation of AfCFTA through provision of high-quality insurance services to businesses and persons exploiting the opportunities created by this wider market of 1.3 billion people, with a combined gross domestic product (GDP) of $3.4 trillion.
As a policy holder, it is important to inform your declared next of kin about your policy such that in the event of sudden death, your beneficiaries have a starting point. Similarly, you need to keep track of the status of your policy and also ensure that your premiums are paid on time.
The Insurance Regulatory Authority of Uganda (IRA) has authorised a total of 131 industry players to conduct insurance business in 2022, effective January 1. These
The insurance Regulatory Authority of Uganda (IRA) has launched and handed over the newly constructed Kibibi daily market to the Kibibi community. The construction of
Mariam Nalunkuuma Manager Corporate Affairs Insurance Regulatory Authority of Uganda While education is often viewed as the pathway to a better future, the harsh reality
The Insurance Regulatory Authority of Uganda (IRA), together has launched the 2025 Annual Insurance Week (AIW), with a call for building public confidence, as it
By Alhaj Kaddunabbi Ibrahim Lubega – CEO January 2, 2025 was a normal day to the traders operating at Nyumba Kubwa building, in down town
The insurance industry has continued to register robust growth rates in the first three quarters of 2024, with the total gross written premium growing to
In this Newsletter, we reflect on the resilience, innovation, and commitment that have defined the insurance industry in 2024. It has been a year of
————————————————————————– The Insurance Regulatory Authority of Uganda (IRA) has authorized a total of 143 industry players to conduct insurance business, effective January 2, 2025. The
Financial sector players in the insurance, banking, retirement and securities space joined the world in commemorating the world savings day under the theme, “sustainability and
The Insurance Regulatory Authority of Uganda (IRA) Chief Executive Officer, Alhaj Kaddunabbi Ibrahim Lubega paid a courtesy visit to the National Insurance Commission (NAICOM) Commissioner,
The Insurance Regulatory Authority of Uganda has launched the 2024 Annual Insurance Innovation Awards (AIIA) with a call to all licensed industry players to participate.
Maritime voyages carry significant risks, with cargo shipments often facing threats like damage, loss, accidents, or natural disasters. These risks can lead to substantial financial
The insurance industry has been implored to build trust, transparency and confidence if it is to maintain relevance among consumers and keep pace with the
For inquiries and bookings, contact us today📞 0800 124 124 (Toll-free)📞 +256 417 425 500 #DrivingInsuranceGrowth
Traders are set to enjoy easy and convenient access to insurance for their goods following the launch of the local marine insurance platform. Dubbed the
The Insurance Regulatory Authority of Uganda (IRA) Chief Executive Officer, Alhaj Kaddunabbi Ibrahim Lubega, has urged health insurance providers to maximize technology to innovate customer-tailored
Financial services players have been urged to provide good and reasonable financial services for Ugandans to invest in and grow their savings. The call was
Despite being the backbone of Uganda, providing employment and livelihoods for a significant portion of the population, agriculture remains a risky venture. Most farmers encounter
As the Insurance Regulatory Authority (IRA) continues to champion progress in the insurance industry, the dedication to promoting community well-being remains unwavering. In the recent
Insurance industry players have been urged to be intentional and position customers at the heart of their innovations in order to churn out solutions that
IRA PARTICIPATES IN THE 2024 ROTARY CANCER RUN The Insurance Regulatory Authority of Uganda (IRA) participated in the 2024 Rotary Cancer Run in a compelling
Welcome to the 2023/2024 4th quarter edition of the Insurance Buzz Newsletter. This issue highlights the need for innovation and technological transformation in the insurance
State Minister of Finance (General Duties), Hon. Amos Lugolobi, emphasized the critical need for African insurance leaders to adopt digital transformation in their operations to
Insurers have been challenged to enhance innovation in the areas of micro-insurance, claims settlement, and cyber insurance, to drive inclusive insurance and boost penetration. The
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
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
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
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.
By Alhaj Kaddunabbi Ibrahim Lubega Nothing made headlines consistently last year like road crashes that claimed thousands of lives with hundreds surviving with injuries. According
By Alhaj Kaddunabbi Ibrahim Lubega Just like Motor Third Party Insurance is mandatory for all motorists driving on Ugandan roads, Workers’ Compensation insurance is also
The conversation on the National Health Insurance Scheme is not yet over. It still remains a subject that everyone should be interested in for the
By Alhaj Kaddunabbi Ibrahim Lubega Reference is made to an article published titled “Over regulation is killing small businesses – expert” that was published in
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.
Quality medical care remains very expensive in Uganda and according to the Insurance Regulatory Authority of Uganda (IRA) CEO Alhaj Kaddunabbi Ibrahim Lubega, there is
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
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
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
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 year 2020 was like no other year we have experienced before, many had to put their travel plans on hold partly because of the
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
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
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,
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
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%
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
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
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
INSURANCE SECTOR HITS SHS1 TRILLION GWP MARK AS INSURANCE COMPANIES PAY OUT SHS440BN IN CLAIMS.
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