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ANYONE CAN INVEST IN INSURANCE

By Alhaj Kaddunabbi Ibrahim Lubega Reference is made to an article published titled “Over regulation is killing small businesses – expert” that was published in the New Vision of July 1, 2022 on page 24. In the article, the writer quotes the Makerere University Business School (MUBS) Principal, Prof. Wasswa Balunywa, saying that “people interested… Continue reading ANYONE CAN INVEST IN INSURANCE

EQUITY BANK UGANDA GIVEN GREEN LIGHT TO OFFER BANCASSURANCE SERVICES

Equity Bank Uganda has joined the list of banks offering bancassurance services in the country. The bank with a network of about 50 branches across the country, officially received clearance from the Insurance Regulatory Authority of Uganda (IRA) on Monday at the Insurance Tower, in Kampala. Its entrance in this space brings the number of… Continue reading EQUITY BANK UGANDA GIVEN GREEN LIGHT TO OFFER BANCASSURANCE SERVICES

IRA CEO ADVOCATES FOR INSURANCE FOR THE ELDERLY

Life Insurance underwriters have been challenged to consider introducing insurance covers that enable people to contribute while still active and access medical attention in old age when they retire. The appeal was made by the Insurance Regulatory Authority of Uganda (IRA) Chief Executive Officer, Alhaj Kaddunabbi Ibrahim Lubega while officiating at the Life Insurance Agents… Continue reading IRA CEO ADVOCATES FOR INSURANCE FOR THE ELDERLY

IRA CAMPS IN MID-WESTERN REGION, EDUCATES MASSES ON INSURANCE

The Insurance Regulatory Authority of Uganda (IRA) successfully concluded a regional awareness program in the mid-Western Uganda, covering the districts of Hoima, Kagadi, Masindi Kiryandongo, Kikuube and Buliisa. During the two-day workshop program, a lot of information was shared with different groups of people among whom were farmer group leaders, Traffic Police Officers, boda boda… Continue reading IRA CAMPS IN MID-WESTERN REGION, EDUCATES MASSES ON INSURANCE

PRICING FOR LIFE INSURANCE PRODUCTS SIMPLIFIED

From left are, a representative from World Bank, Brain Akimanzi, Deputy Secretary to the treasury, Patrick Ocailap, the Chief Executive office of Uganda Insurance Regulatory Authority of Uganda, Kaddunabbi Ibrahim Lubega and a representative of Uganda Insurance Association, Emmanuel Mwaka pose for a photograph after signing on the board during the launch of the mortality table at Kampala Serena Hotel on March 28 2022. Photo by Ronnie Kijjambu

Life insurance product buyers are set to enjoy more accurate pricing for life insurance products following the launch of the Assured Lives Mortality Tables by the Insurance Regulatory Authority of Uganda (IRA). The 2015-19 tables will offer up-to-date reflective statistics that will be used by Life Insurance companies currently operating in the market, as a… Continue reading PRICING FOR LIFE INSURANCE PRODUCTS SIMPLIFIED

THE IRA NEWSLETTER (7TH EDITION)

The IRA Newsletter - 7th Edition

In this 7th edition of the IRA Newsletter, you will find out how the Inaugural Insurance Week went down ending with the 2nd edition of the Annual Insurance Innovation Awards. You also get to learn of IRA’s new and permanent home, which has now been occupied. Your feedback on this newsletter by way of comments… Continue reading THE IRA NEWSLETTER (7TH EDITION)

IRA, PARTNERS SUCCESSFULLY HOLD INAUGURAL INSURANCE

The Insurance Regulatory Authority of Uganda (IRA), successfully held the inaugural Insurance Week from March 7 – 11, at the Railways Grounds in Kampala. The event sought to take insurance information closer to the people so as to enable them make informed buying decisions and increase the uptake of insurance services. The week-long event was… Continue reading IRA, PARTNERS SUCCESSFULLY HOLD INAUGURAL INSURANCE

IRA LAUNCHES INAUGURAL INSURANCE WEEK

March 3, 2022. The Insurance Regulatory Authority of Uganda (IRA) has launched the inaugural Insurance Week, an event that seeks to take insurance information closer to the people so as to enable people make informed buying decisions and increase the uptake of insurance services. Speaking at a media briefing at Golf Course Hotel on Thursday,… Continue reading IRA LAUNCHES INAUGURAL INSURANCE WEEK

2021 INSURANCE PRODUCT INNOVATION AWARDS SLATED FOR MARCH 11

The Insurance Regulatory Authority of Uganda (IRA) will on March 11, award the most innovative industry players. This follows the launch of the second Insurance Product Innovation Awards at the Authority’ office at Kyadondo Road, Kampala. Speaking at the launch ceremony, the IRA Chief Executive Officer Alhaj Kaddunabbi Ibrahim Lubega, said the awards seek to… Continue reading 2021 INSURANCE PRODUCT INNOVATION AWARDS SLATED FOR MARCH 11

DIGITAL ADOPTION; THE VIABLE GROWTH LEVER FOR BUSINESSES, ECONOMY

With its ability to expedite numerous processes to increase efficiency, technology has positioned itself as a key enabler of survival and growth of businesses, irrespective of size