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 Product Innovation Awards at the Authority’ office at Kyadondo Road, Kampala. Speaking at the launch ceremony, the IRA Chief Executive Officer Alhaj Kaddunabbi Ibrahim Lubega, said the awards seek to… Continue reading 2021 INSURANCE PRODUCT INNOVATION AWARDS SLATED FOR MARCH 11
A model regulator of a secure and developed insurance industry
Make a Complaint
Category: Articles
DIGITAL ADOPTION; THE VIABLE GROWTH LEVER FOR BUSINESSES, ECONOMY
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
INSURANCE INDUSTRY POSTS GROWTH, COMPANIES TO GET MORE RESILIENT
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 READY TO TAP INTO AFCFTA CREATED OPPORTUNITIES
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.
WHEN TO PLACE A CLAIM ON THAT ENDOWMENT INSURANCE POLICY
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.
131 INSURANCE PLAYERS AUTHORISED TO CONDUCT INSURANCE BUSINESS IN 2022
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 include two (2) Reinsurance companies, twenty-one (21) non-life companies, eight (8) life companies, two (2) Micro Insurance Companies, three (3) Health Membership Organisations (HMOs), three (3) Reinsurance Brokers and forty-seven… Continue reading 131 INSURANCE PLAYERS AUTHORISED TO CONDUCT INSURANCE BUSINESS IN 2022
INTEGRATED MARINE INSURANCE PLATFORM LAUNCHED
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
KIBIBI DAILY MARKET GETS FACELIFT
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 this market started in March this year as part of the authority’s Corporate Social Responsibility. Speaking at the launch and handover over of this market, IRA Chief Executive Officer Alhaj… Continue reading KIBIBI DAILY MARKET GETS FACELIFT
IRA CEO AMPLIFIES CALL FOR PRIORITIZING THE NHIS
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 urgent need for government to consider the National Health Insurance Scheme as a priority. “There is a much bigger case for quality medicare; we all need to support the NHIS.… Continue reading IRA CEO AMPLIFIES CALL FOR PRIORITIZING THE NHIS
ALLIANZ JOINS UGANDA’S INSURANCE MARKET.
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.