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 personal finance – living the commitment”. In living the commitment, the players’ message emphasized the importance of saving, protecting, and growing/investing the modest amounts we earn. The players shared a… Continue reading GIVE YOUR FINANCES A QUICK HEALTH SCAN: APPLY THE 50/30/20 RULE!
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IRA CEO PAYS A COURTESY VISIT TO NAICOM COMMISSIONER
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, Mr. Olusegun Ayo Omosehin at the NAICOM headquarters in Abuja, Nigeria on December 11, 2024. The duo deliberated on pertinent issues in the industry including NAICOM’s Regulatory Software used for… Continue reading IRA CEO PAYS A COURTESY VISIT TO NAICOM COMMISSIONER
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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
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
CO-CREATE WITH THE CONSUMER – INSURERS TOLD
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 speak to consumer needs. Speaking during the 61st CEOs Breakfast meeting at Serena Hotel, Kampala on September 19, 2024, Mr. Michael Niyitegeka, the Executive Director, Rafactory, a software skilling academy,… Continue reading CO-CREATE WITH THE CONSUMER – INSURERS TOLD
IRA PARTICIPATES IN THE 2024 ROTARY CANCER RUN
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 display of Corporate Social Responsibility (CSR) and community spirit. The Cancer run took place on August 25, 2024 at Kampala Capital City Authority Grounds in Lugogo., The cancer run registered… Continue reading IRA PARTICIPATES IN THE 2024 ROTARY CANCER RUN
THE IRA INSURANCE NEWS BUZZ – QUARTER 4 EDITION
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 sector. Our commitment to enhancing insurance penetration and securing investments remains steadfast. The Insurance Regulatory Authority of Uganda (IRA) continues to raise awareness and foster innovation through technology. Recent engagements… Continue reading THE IRA INSURANCE NEWS BUZZ – QUARTER 4 EDITION
EMBRACE TECHNOLOGY – AFRICAN INSURANCE LEADERS URGED
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 effectively manage business and administrative costs. Speaking at the Africa Innovation for Resilience (AIR) Conference 2024 in Kampala, Hon. Lugolobi highlighted the rapid evolution of digital technologies in sub-Saharan Africa,… Continue reading EMBRACE TECHNOLOGY – AFRICAN INSURANCE LEADERS URGED