A model regulator of a secure and developed insurance industry

IRA LAUNCHES FOURTH INSURANCE INNOVATION AWARDS

The Insurance Regulatory Authority of Uganda (IRA), in partnership with the industry umbrella bodies, has launched the fourth round of the Innovation awards. Speaking at the launch ceremony at the Insurance Tower in Kampala on November 23, the IRA Chief Executive Officer, Alhaj Kaddunabbi Ibrahim Lubega said the innovation awards have become change agents by… Continue reading IRA LAUNCHES FOURTH INSURANCE INNOVATION AWARDS

WHY NHIS SHOULD BE MANDATORY FOR ALL

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

INSURANCE SECTOR POSTS STRONG GROWTH IN 2022

INSURANCE SECTOR POSTS STRONG GROWTH IN 2022

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

INSURANCE CAN HELP IMPROVE ROAD SAFETY IN UGANDA

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

WHY ALL WORK-RELATED INJURIES MUST BE PAID FOR BY WORKERS COMPENSATION INSURANCE

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

IRA RECEIVES GIANT SAVINGS BANK FROM UIA

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

THE ANNUAL INSURANCE WEEK IS BACK!

Annual Insurance Week 2023

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!

BUILD AFFORDABLE FINANCIAL SOLUTIONS TO BOOST SAVINGS – BOU

Financial services providers have been urged to build and extend affordable and user friendly green financial solutions to underserved and low-income Ugandans to encourage them to save with formal financial institutions to grow savings in the country. The appeal was made by the Bank of Uganda Deputy Governor Mr. Michael Atingi-Ego at a media briefing… Continue reading BUILD AFFORDABLE FINANCIAL SOLUTIONS TO BOOST SAVINGS – BOU

IRA LAUNCHES SYSTEM TO EASE COMPLAINTS HANDLING

The Insurance Regulatory Authority of Uganda (IRA) has launched a Complaint Management System to efficiently track and address grievances between insurers and the insuring public. The online system enables the insuring public to lodge insurance-related complaints at their convenience, without necessarily having to travel to IRA offices as it has been under the manual system.… Continue reading IRA LAUNCHES SYSTEM TO EASE COMPLAINTS HANDLING

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