A model regulator of a secure and developed insurance industry


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 masses through different insurance products with the objective of helping them understand, appreciate and take up different insurance products.

The selected districts included Namisindwa, Mbale, Tororo, Budaka and Kumi. Leaders of selected groups were invited for special workshops at Mount Elgon Hotel to take them through selected insurance products with the hope that these people will in return share acquired information with their group members.

The groups included Traffic Police Officers, farmer leaders, bodaboda riders and taxi and bus drivers. Specific information was packaged for each of these groups. Focus was, however, put on #AgricultureInsurance and motor insurance.

A special session for farmer group leaders zeroed around #AgricultureInsurance where participants were taken through the advantages of this product, how, when and where it can be bought. An explanation was offered on the range of farming areas that are covered under this insurance.

According to Ms. Cynthia Ayero, the IRA Inspection Officer, these areas include crops, livestock and aquaculture, among others.

Mr. Protazio Sande, the Director Planning, Research and Market Development who represented the CEO at this workshop emphasised the need for farmers to embrace this insurance since it even has a government subsidy component, where government contributes a certain percentage of the required premium that a farmer should pay.

Mr Sande Protazio speaking to farmer representatives

“Government put in place an #AgricultureInsurance scheme as a way of helping farmers cope up with the losses involved in farming but also encourage them to go beyond subsistence farming and get to a level of commercial farming,” he explained, adding that already Ushs5 billion has been set aside in this financial year to take care of this #AgricultureInsurance.

Motor Third Party Insurance (MTP) being one of the mostly purchased insurance policy owing to the fact that it is mandatory, there was need to educate the consumers – bodaboda riders, bus and taxi drivers, on its benefits.

The participants at the workshop were encouraged to always look out for genuine MTP policies since the market has been infiltrated with fraudsters. They were also assisted to understand and appreciate the benefits of Comprehensive Motor Insurance.

Traffic Police Officers from the selected districts were also taken through how to deal with insurance defaulting riders and drivers on the road. The officers raised various concerns especially on fake insurance stickers possessed by vehicles coming into the country from neighboring countries. The Motor Third-Party- Express Penalty Scheme (MTP-EPS) system was as well discussed at length and Traffic Officers appreciated the shared knowledge on matters of their concern.

The masses in Mbale district were treated to an information packed roadshow campaign which climaxed into a gathering at the taxi park. People expressed the need for insurance information and IRA officers were able to answer the raised questions.

This is part of the IRA’s mandate – to educate the masses about insurance so that they can appreciate it and take it up as a way of expanding insurance penetration in the country.