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 with Farmers and Head Teachers underscore the role of insurance in safeguarding value and further demonstrating our dedication to promoting resilience.
Innovation in micro-insurance, claims settlement, and cyber-risks is crucial. Leveraging technology creates a more inclusive and robust insurance ecosystem, boosting confidence and growth.
We also explore the importance of Environmental, Social, and Governance (ESG) considerations in government procurement contracts. We aim to inspire, inform and advance the mission of a well-protected and technologically advanced insurance industry.
All these in this Newsletter