————————————————————————– The Insurance Regulatory Authority of Uganda (IRA) has authorized a total of 143 industry players to conduct insurance business, effective January 2, 2025. The players include two (2) Reinsurance companies, 20 non-life insurance companies, nine (9) life insurance companies, four (4) micro insurance companies, one (1) Health Membership Organisation (HMO), six (6) Reinsurance Brokers… Continue reading 143 PLAYERS AUTHORISED TO TRANSACT INSURANCE BUSINESS IN 2025
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Tag: IRA Uganda
INSURERS TIPPED ON VALUE OF TRUST, TRANSPARENCY IN UNLOCKING GROWTH
The insurance industry has been implored to build trust, transparency and confidence if it is to maintain relevance among consumers and keep pace with the broader economic growth. Speaking during the 62nd CEO’s Breakfast meeting the Centenary Bank Managing Director, Mr. Fabia Kasi said building and maintaining trust and transparency are vital attributes insurers should… Continue reading INSURERS TIPPED ON VALUE OF TRUST, TRANSPARENCY IN UNLOCKING GROWTH
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
YOU CAN PROFITABLY INVEST IN AGRICULTURE WITH INSURANCE
By Alhaj Kaddunabbi Ibrahim Lubega – Chief Executive officer , IRA Uganda Reference is made to a story that appeared in one of the daily newspapers on July 19, 2024, titled “Farmers count losses as dry spell scorches maize gardens.” This is very saddening given that Uganda is predominantly an agro-based economy. This loss is… Continue reading YOU CAN PROFITABLY INVEST IN AGRICULTURE WITH INSURANCE
INSURANCE INDUSTRY REGISTERS ROBUST GROWTH IN 2023
Uganda’s insurance industry registered robust growth rate in 2023 on the back of enhanced insurance customer confidence, improved distribution channels, and growth in online transactions. Statistics released by the Insurance Regulatory Authority of Uganda (IRA) at a press briefing on July 4, indicate that the industry’s gross written premiums grew by 11.29% in 2023 from… Continue reading INSURANCE INDUSTRY REGISTERS ROBUST GROWTH IN 2023
IRA AUTHORISES 139 INDUSTRY PLAYERS TO TRANSACT IN 2024
IRA AUTHORISES 139 INDUSTRY PLAYERS TO TRANSACT IN 2024 The Insurance Regulatory Authority of Uganda (IRA) has authorised a total of 139 industry players to conduct insurance business, effective January 2, 2024. The players include two (2) Re-insurers, 20 Non-life Insurers, eight (8) Life Insurers, five (5) Micro Mnsures, two (2) Health Membership Organisations (HMOs),… Continue reading IRA AUTHORISES 139 INDUSTRY PLAYERS TO TRANSACT IN 2024
INSURANCE INDUSTRY POSTS IMPRESSIVE Q2 PREMIUM GROWTH
The Insurance Regulatory Authority of Uganda (IRA) has reported strong second-quarter results, showcasing impressive growth in written premiums on the back of a resilient sector. The industry’s written premiums posted an upswing of 16.5% from UShs711.6 billion posted in Q2, 2022 to uShs828.9 billion as at the end of June 2023. The IRA Chief Executive… Continue reading INSURANCE INDUSTRY POSTS IMPRESSIVE Q2 PREMIUM GROWTH
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
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
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- Tel: +256 417-425500
- Email: ira@ira.go.ug
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