A model regulator of a secure and developed insurance industry

DR. SANDE NAMED ACTING IRA CHIEF EXECUTIVE OFFICER

Dr. Sande speaking to staff

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

Corporate Governance

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

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

THE IRA INSURANCE NEWS BUZZ – QUARTER 4 EDITION

THE IRA INSURANCE NEWS BUZZ

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

YOU CAN PROFITABLY INVEST IN AGRICULTURE WITH INSURANCE

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

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

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