By Alhaj Kaddunabbi Ibrahim Lubega – CEO January 2, 2025 was a normal day to the traders operating at Nyumba Kubwa building, in down town Kampala until 11am. According to media reports, the fire gutted about 16 lockup shops and left over four people injured. All the joy that the owners had on ushering in… Continue reading FIRES: WHY INSURANCE SHOULD BE YOUR FRIEND INDEED
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THE IRA NEWS BUZZ – LATEST EDITION. OCTOBER, NOVEMBER, DECEMBER.
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 growth, transformation, opportunities, and togetherness. We have demonstrated the power of collaboration, compliance, and commitment to service our respective communities and stakeholders. In a rapidly changing world, whereas the benefits… Continue reading THE IRA NEWS BUZZ – LATEST EDITION. OCTOBER, NOVEMBER, DECEMBER.
143 PLAYERS AUTHORISED TO TRANSACT INSURANCE BUSINESS IN 2025
————————————————————————– The Insurance Regulatory Authority of Uganda (IRA) has authorized a total of 143 industry players to conduct insurance business, effective January 2, 2025. The players include two (2) Reinsurance companies, 20 non-life insurance companies, nine (9) life insurance companies, four (4) micro insurance companies, one (1) Health Membership Organisation (HMO), six (6) Reinsurance Brokers… Continue reading 143 PLAYERS AUTHORISED TO TRANSACT INSURANCE BUSINESS IN 2025
IRA LAUNCHES 2024 ANNUAL INSURANCE INNOVATION AWARDS
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. Now in its fifth year, the AIIA seek to recognise innovators who are reshaping the role of insurance in people’s lives and businesses, embracing disruptions and transforming them into opportunities.… Continue reading IRA LAUNCHES 2024 ANNUAL INSURANCE INNOVATION AWARDS
NEW ERA FOR TRADERS: LOCAL MARINE INSURANCE AT YOUR FINGERTIPS
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 losses for traders. To mitigate such dangers, various parties play a role in safeguarding ships and cargo, with insurance being a key factor in managing potential risks. Back home, to… Continue reading NEW ERA FOR TRADERS: LOCAL MARINE INSURANCE AT YOUR FINGERTIPS
INSURERS TIPPED ON VALUE OF TRUST, TRANSPARENCY IN UNLOCKING GROWTH
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 broader economic growth. Speaking during the 62nd CEO’s Breakfast meeting the Centenary Bank Managing Director, Mr. Fabia Kasi said building and maintaining trust and transparency are vital attributes insurers should… Continue reading INSURERS TIPPED ON VALUE OF TRUST, TRANSPARENCY IN UNLOCKING GROWTH
LOCAL MARINE INSURANCE PLATFORM LAUNCHED
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 Insurance Regulatory Authority (IRA)-Uganda Revenue Authority (URA) Integrated Local Marine Insurance Platform, the online-based system allows traders to buy insurance for imports and exports from insurance companies licensed to operate… Continue reading LOCAL MARINE INSURANCE PLATFORM LAUNCHED
IRA CEO CALLS FOR TAILORED HEALTH INSURANCE POLICIES
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 services. Given the evolving customer needs, Alhaj Kaddunabbi who was speaking at AAR Health Services’ 40th anniversary celebration at Mestil Hotel, Kampala on October 31, 2024, said insurance solutions should… Continue reading IRA CEO CALLS FOR TAILORED HEALTH INSURANCE POLICIES
Banking and financial services month launched with a call to boost investment opportunities
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 made by the Director in charge of Supervision at Bank of Uganda, Dr Tumubweine Twinemanzi during the event to mark the World Savings day and launch the 5th Banking and… Continue reading Banking and financial services month launched with a call to boost investment opportunities
AGRICULTURE INSURANCE; A KEY TOOL FOR SUSTAINABLE FARMING, FOOD SECURITY
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 considerable challenges, including climatic risks and diseases, among others. Farmers have watched helplessly as their investments – cash, energy, and time, go to waste due to natural calamities such as… Continue reading AGRICULTURE INSURANCE; A KEY TOOL FOR SUSTAINABLE FARMING, FOOD SECURITY
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