African insurance regulators have agreed on measures aimed at reducing regulatory fragmentation and strengthening oversight of an increasingly interconnected regional insurance market.The decisions were reached during meetings of the East African Insurance Supervisors Association (EAISA) in Nairobi, bringing together regulators from Burundi, the Democratic Republic of Congo, Kenya, Rwanda, Tanzania and Uganda. Discussions focused on… Continue reading EAST AFRICA INSURANCE REGULATORS MOVE TO HARMONIZE SUPERVISION AS REGIONAL MARKET DEEPENS
Insurance for All: Building Resilience, Inclusion and Growth
Tag: Insurance in Uganda
INSURERS CHALLENGED TO BE PART OF UGANDA’S 10-FOLD GROWTH STRATEGY
Insurers have been challenged to move beyond traditional insurance products and play a bigger role in supporting investment, infrastructure, production and other areas of Uganda’s economic transformation in the wake of the implementation of the 10-fold growth framework. According to the National Planning Authority Executive Director, Dr. Joseph Muvawala, insurance should be part of the… Continue reading INSURERS CHALLENGED TO BE PART OF UGANDA’S 10-FOLD GROWTH STRATEGY
LOCAL GOVERNMENT LEADERS TIPPED ON INSURANCE
Nearly 200 local government leaders from Mpigi, Butambala, Wakiso and Kampala, have been urged to champion insurance adoption among their communities. The Insurance Regulatory Authority of Uganda, empowered the leaders with insurance knowledge on Agriculture Insurance and microinsurance, advising them to safeguard themselves against unexpected risks while building stronger financial resilience. The leaders from Mpigi… Continue reading LOCAL GOVERNMENT LEADERS TIPPED ON INSURANCE
CRACKING DOWN ON MONEY LAUNDERING RISK ASSESSMENT INITIATIVE UNVEILED
The insurance sector introduced a tailored Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Risk Assessment initiative to strengthen financial integrity. The initiative, spearheaded by the Uganda Insurers Association (UIA) with technical support from Africa Risk Management and Compliance Partners, is expected to provide the industry with a clearer understanding of its exposure to… Continue reading CRACKING DOWN ON MONEY LAUNDERING RISK ASSESSMENT INITIATIVE UNVEILED
CRACKING DOWN ON MONEY LAUNDERING RISK ASSESSMENT INITIATIVE UNVEILED
The insurance sector introduced a tailored Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Risk Assessment initiative to strengthen financial integrity. The initiative, spearheaded by the Uganda Insurers Association (UIA) with technical support from Africa Risk Management and Compliance Partners, is expected to provide the industry with a clearer understanding of its exposure to… Continue reading CRACKING DOWN ON MONEY LAUNDERING RISK ASSESSMENT INITIATIVE UNVEILED
SEIZE GROWTH OPPORTUNITIES: ALIGN INSURANCE WITH UGANDA’S DEVELOPMENT AGENDA
Insurance industry players have been urged to strategically position the industry as a critical driver of economic growth, or risk missing out on expansion opportunities in Agriculture, SMEs, Oil& Gas, among other sectors. The remarks were made by the Chief Guest and Ag. Chief Executive Officer of the Insurance Regulatory Authority of Uganda, Dr. Protazio… Continue reading SEIZE GROWTH OPPORTUNITIES: ALIGN INSURANCE WITH UGANDA’S DEVELOPMENT AGENDA
PRIORITIZE NHIS: PUT AN END TO UNEXPECTED MEDICAL BILLS
Alhaj Dr. Kaddunabbi Ibrahim Lubega CEO – Insurance Regulatory Authority of Uganda In November 2025, as he bid farewell to his mother, businessman and city mogul Hassan Basajjabalaba opened his heart to the nation. He spoke of the painful journey his family endured while fighting to save her life, a battle against a complicated heart… Continue reading PRIORITIZE NHIS: PUT AN END TO UNEXPECTED MEDICAL BILLS
DE-RISK UGANDA’S ECONOMY – FINANCE MINISTRY PS GGOOBI TELLS INSURERS
The Ministry of Finance Permanent Secretary/ Secretary to the Treasury Ramathan Ggoobi has urged Uganda’s insurance industry players to play a more deliberate role in de-risking the economy and driving the country’s ambitious “tenfold growth strategy.” The tenfold growth strategy is a government framework aimed at achieving rapid, sustainable, and inclusive economic expansion by increasing… Continue reading DE-RISK UGANDA’S ECONOMY – FINANCE MINISTRY PS GGOOBI TELLS INSURERS
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
THE INSURANCE BUZZ – JULY TO SEPTEMBER 2024 EDITION
As the Insurance Regulatory Authority (IRA) continues to champion progress in the insurance industry, the dedication to promoting community well-being remains unwavering. In the recent months, we have actively engaged in a range of initiatives, from transformative discussions to participating in impactful Corporate Social Responsibility events. Our participation in the 2024 Rotary Cancer Run and… Continue reading THE INSURANCE BUZZ – JULY TO SEPTEMBER 2024 EDITION