INTERVIEW | Uganda Insurers Association (UIA) is boosting insurance uptake with initiatives like the ‘Gonza Future’ campaign promoting life insurance. Patrick Kimathi, UIA’s Life and Pensions Chair and UAP Oldmutual MD, discussed this with Julius Businge and here in the excerpts. Can you briefly tell us about the Uganda Insurers Association …
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Uganda’s rising loss ratio signals urgent need for a shift to preventive care to strengthen medical insurance business Kampala, Uganda | ISAAC KHISA | Uganda’s medical insurance sector has experienced significant growth over the past decade, with gross written premiums increasing from Shs 33.6 billion in 2013 to Shs 196.1 billion …
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KAMPALA, UGANDA | THE INDEPENDENT | Efforts to streamline logistics for Ugandan traders have taken a significant step forward as stakeholders rally behind local marine cargo insurance implementation. Emmanuel Karugaba Neezha, CEO of DESLER LOGIS U LTD, Associate Partner at SIMBALAND CARGO HOLDINGS U LTD, and Vice Chairman of the Uganda …
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Kampala, Uganda | THE INDEPENDENT | The Insurance Regulatory Authority of Uganda (IRA) has officially launched the 2024 Annual Insurance Innovation Awards (AIIA). The Authority is inviting all licensed industry players to participate. Now in its fifth year, the AIIA aims to recognize innovators who are reshaping the role of insurance …
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WAKISO, UGANDA | THE INDEPENDENT | When an incident happens to or at a property and there are spillover impacts to neighbouring properties and/or human lives, there may be questions unanswered as to where to seek redress, if any. These may be a building, finished or under construction, collapsing or a …
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Kampala, Uganda | THE INDEPENDENT | On Friday, 18th October 2024, UAP Old Mutual Insurance received the prestigious resilience and sustainable impact award in the insurance category at the 3rd edition of the Corporate Governance Awards. The event, held at Sheraton Hotel, Kampala, was themed “Recognizing Resilience and Sustainable Impact.” Organized …
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Non-life insurance continues to dominate the market, holding 58% of the aggregate industry written premiums Kampala, Uganda | THE INDEPENDENT | Insurance companies in Uganda reported gross written premiums of Shs 933.8 billion (approximately US$249 million) in the first half of 2024, according to a sector performance report released by the …
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Kampala, Uganda | THE INDEPENDENT | All Ugandan importers are required to insure their imports still on the high seas with local insurance companies through the Local Marine Insurance Portal, starting next month. This follows the completion of all the necessary processes, including integrating the Uganda Revenue Authority (URA), Uganda Insurers …
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Parametric insurance has grown in popularity in recent years, with the World Economic Forum recently describing it as a potential “game changer” for mitigating disaster risk ANALYSIS | AGENCIES | Liberty Mutual Reinsurance (LM Re) has partnered with Kenyan financial services provider Britam and farming-focused insurtech Sprout to offer a parametric insurance …
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Kampala, Uganda | THE INDEPENDENT | Insurance companies in Uganda paid out over 820.1 billion shillings to various customers in claims in 2023. The Insurance Regulatory Authority of Uganda (IRA) said the payments amounted to more than half (51.17 percent) of the total amount of money that the insurance policy …
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