By Alhaj Kaddunabbi Ibrahim Lubega – IRA CEO Reference is made to an article titled “Exclude the poor from health insurance contributions – experts” that was published in the media on August 15, 2023. In the article, the writer quotes Dr Githinji Gitahi, the Chief Executive Officer of Amref Health Africa, saying that government should… Continue reading WHY NHIS SHOULD BE MANDATORY FOR ALL
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 the insurance industry in a particular quarter. “Firstly, I would like to welcome you back from the 2023 Insurance Industry Sports Gala, and thank you for participating in such big… Continue reading THE IRA INSURANCE NEWSLETTER – LATEST EDITION (JUNE 2023)
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 of Uganda (IRA) show that the sector’s Gross Written Premium (GWP) grew from UShs1.183 trillion in 2021 to UShs1.425 trillion in 2022. The IRA Chief Executive Officer Alhaj Kaddunabbi Ibrahim… Continue reading INSURANCE SECTOR POSTS STRONG GROWTH IN 2022
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 to the Traffic Police statistics, 1,021 boda boda riders and 401 passengers lost their lives between January and September 2022 across the country due to road crashes. In April 2022… Continue reading INSURANCE CAN HELP IMPROVE ROAD SAFETY IN UGANDA
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 mandatory for all businesses operating in Uganda, irrespective of size. This is provided for under section 18 of the Workers Compensation Act, which provides for compensation to workers for injuries… Continue reading WHY ALL WORK-RELATED INJURIES MUST BE PAID FOR BY WORKERS COMPENSATION INSURANCE
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 Insurance Tower in Kampala. The giant savings bank was received by the IRA Director in charge of Planning, Research and Market Development, Mr. Protazio Sande on behalf of the Chief… Continue reading IRA RECEIVES GIANT SAVINGS BANK FROM UIA
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, at Serena Hotel, Kampala. Industry players and individuals driving change through innovative insurance solutions were recognised in nine award categories including most innovative insurance solution – non-life, most innovative insurance… Continue reading JOY, GLAMOUR AS MOST INNOVATIVE INSURANCE SOLUTIONS ARE AWARDED
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 protection has been launched. The five-day event will kick off on Monday March 6th to 10th, at Railways Grounds, Kampala under the theme “Be Insured; We will Bear Your Risk”.… Continue reading 2023 Annual Insurance Week launched, to kick off next week
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 you so as to understand your insurance needs and serve you better. This week will start on Monday 6th to Thursday 9th March 2023 at Railway Grounds in Kampala, and… Continue reading THE ANNUAL INSURANCE WEEK IS BACK!
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 insurance business in 2023. The authorised insurance players include two (2) reinsurers, 20 non-life insurers, eight (8) life insurers, two (2) micro insures, two (2) Health Membership Organisations (HMOs), three… Continue reading 134 INSURANCE PLAYERS AUTHORDISED TO TRANSACT IN 2023
