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
Insurance for All: Building Resilience, Inclusion and Growth
Tag: Sampaul nakhaima
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
DR. SANDE NAMED ACTING IRA CHIEF EXECUTIVE OFFICER
Dr. Protazio Sande has been named the Ag. Chief Executive Officer, Insurance Regulatory Authority of Uganda (IRA), taking over from Alhaj Dr. Kaddunabbi Ibrahim Lubega. The appointment of Dr. Sande, who is substantively the Director Strategy and Market Development, was announced by the IRA Board Chairperson, CPA FCCA Keto Nyapendi Kayemba on June 2, 2026,… Continue reading DR. SANDE NAMED ACTING IRA CHIEF EXECUTIVE OFFICER
WILLINGNESS TO CONFRONT THE FUTURE KEY TO SUSTAINABLE PROFITABILITY – INSURERS TOLD
Faridah Kulabako: Insurance industry captains must prioritize curiosity and open-mindedness to navigate today’s complex business landscape characterized with uncertainty, disruption, and rapid technological advancements if they are to drive sustainable growth. The call was made by Dr. Peter Kimbowa, the Team leader at CEO Summit during the 68th CEO’s Breakfast Meeting organised by the Insurance… Continue reading WILLINGNESS TO CONFRONT THE FUTURE KEY TO SUSTAINABLE PROFITABILITY – INSURERS TOLD
WEAK GOVERNANCE, NOT TAXATION KILLS BUSINESSES – EXPERTS
Sampaul Nakhaima: There is a rising concern over the collapse of enterprises in Uganda with many owners attributing the trend to unfavorable competition and unfair taxation regime. Business leaders, however, disagree with this. Their view is that weak leadership, poor governance structures and the failure of boards to execute their oversight mandate effectively play a… Continue reading WEAK GOVERNANCE, NOT TAXATION KILLS BUSINESSES – EXPERTS
THOUSANDS RACE TO RAISE AWARENESS ABOUT HIV/AIDS
In an array display of love, thousands of individuals and corporate entities, including the Insurance Regulatory Authority of Uganda (IRA) painted Lubiri and the surrounding areas red (race kits colour) as they took part in the Kabaka birthday run in celebration of Kabaka Ronald Muwenda Mutebi II’s 71st birthday. The chilly morning provided a cool… Continue reading THOUSANDS RACE TO RAISE AWARENESS ABOUT HIV/AIDS
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