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: Nakhaima Sampaul
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
INSURANCE PREMIUMS CROSS UGX 2 TRILLION AS LIFE BUSINESS SPARKS HISTORIC GROWTH
A historic milestone was registered in 2025, with Gross Written Premiums (GWP) exceeding Ugx2 trillion for the first time. This signals a maturing market driven by surging demand for life insurance and stronger consumer confidence. While releasing the sector performance year ending 2025 at a press briefing on June 26, 2026 at the Insurance Tower,… Continue reading INSURANCE PREMIUMS CROSS UGX 2 TRILLION AS LIFE BUSINESS SPARKS HISTORIC GROWTH
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
THE IRA INSURANCE NEWS BUZZ – QUARTER 4 EDITION
Welcome to the 2023/2024 4th quarter edition of the Insurance Buzz Newsletter. This issue highlights the need for innovation and technological transformation in the insurance sector. Our commitment to enhancing insurance penetration and securing investments remains steadfast. The Insurance Regulatory Authority of Uganda (IRA) continues to raise awareness and foster innovation through technology. Recent engagements… Continue reading THE IRA INSURANCE NEWS BUZZ – QUARTER 4 EDITION
STRONG GOVERNANCE PRACTICES FUNDAMENTAL IN BUILDING RESILIENT INSTITUTIONS
With companies navigating an unprecedented mix of challenges, Boards of Directors have been urged to ensure strong governance practices to build resilient institutions. The call was made by the Insurance Regulatory Authority of Uganda (IRA) Director Legal Services/ Secretary to the Authority, Mrs. Francesca N. Kakooza during the 2023 League of East African Directors (LEAD)… Continue reading STRONG GOVERNANCE PRACTICES FUNDAMENTAL IN BUILDING RESILIENT INSTITUTIONS
IMPROVE SERVICES QUALITY TO DEEPEN INSURANCE PENETRATION – PLAYERS TOLD
Insurance industry players have been urged to improve service quality, especially in areas of customer care, communication channels, claims payment and complaints management to increase insurance uptake. The appeal was made by the Insurance Regulatory Authority of Uganda Chief Executive Officer, Alhaj Kaddunabbi Ibrahim Lubega during the 57th CEOs breakfast meeting held at Kampala Serena… Continue reading IMPROVE SERVICES QUALITY TO DEEPEN INSURANCE PENETRATION – PLAYERS TOLD
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