Kampala, Uganda | THE INDEPENDENT | Insurance companies in Uganda have been encouraged to design retirement-focused products to take advantage of opportunities in the fast-growing pension sector. Speaking at the inaugural Thought Leaders Forum on Pensions held at Mestil Hotel and organised by the Uganda Insurers Association (UIA), Rita Faith …
Read More »Insurance sector posts 10% growth in premiums to UShs 1.76 trillion
Non-life insurance accounted for 55.95% of total premiums—slightly down from 58.14% the previous year Kampala, Uganda | JULIUS BUSINGE | Uganda’s insurance sector capped off 2024 with an impressive 10% growth in gross written premiums (GWP), rising from UShs 1.60 trillion in 2023 to UShs 1.76 trillion in 2024. This strong …
Read More »Small insurance firms urged to merge or sell
Kampala, Uganda | THE INDEPENDENT | The Insurance Regulatory Authority has advised smaller companies to merge with others so as to make the insurance industry stronger and better. Uganda today has eight life insurance companies and 10 non-life insurance providers licensed, and these recorded a total of sh1.76 trillion in …
Read More »Religious leaders revive push for national health insurance
Kampala, Uganda | THE INDEPENDENT | The Inter-Religious Council of Uganda (IRCU) has raised concern that the country’s continued failure to implement a National Health Insurance Scheme could result in severe consequences, especially as international donors withdraw funding from critical health programs. Speaking at the launch of the upcoming Family …
Read More »Equity Bank Uganda’s Equi-life will make insurance available across the country
Equi-Life to increase insurance penetration in Uganda Kampala, Uganda | THE INDEPENDENT | Uganda’s insurance sector has demonstrated significant growth in recent years, with gross written premiums increasing from sh1.44 trillion in 2022 to sh1.6 trillion in 2023, according to the Insurance Regulatory Authority of Uganda (IRA) performance report, reflecting an …
Read More »UAP Old Mutual launches online motor and travel insurance portals
KAMPALA, UGANDA | THE INDEPENDENT | UAP Old Mutual Insurance has officially launched its new online motor and travel insurance portals, marking a significant step forward in its digital transformation strategy, it said on May 14. These platforms are designed to streamline the insurance purchase process and offer customers a …
Read More »Insurance Agents: The unsung heroes of the insurance sector in Uganda
OPINION | Saul Sseremba | In Kampala, it is common to come across an insurance agent. You might meet one at a taxi stage, outside a supermarket, in your office, or even at a religious gathering. They greet you with a smile, ask if you have heard about insurance, and …
Read More »Jubilee Life Insurance honors top agents at glittering awards night
Kampala, Uganda | JULIUS BUSINGE | In a vibrant celebration of excellence, Jubilee Life Insurance Company Uganda recognized its top-performing agents for their outstanding contributions in 2024. The prestigious awards gala, held on May 8 at the luxurious Golf Course Hotel, brought together the company’s brightest stars for an …
Read More »UIA’s 14th Annual Insurance Agents Awards Gala exposes insurance sector growth opportunity
KAMPALA, UGANDA | Julius Businge | The Uganda Insurers Association (UIA) hosted its 14th Annual Insurance Agents Awards Gala at Hotel Africana on April 30, 2025. The event, themed “Celebrating Agents as Catalysts of Change in the Industry,” aimed to recognize and motivate top-performing insurance agents across the country. The …
Read More »Gen Katumba Wamala calls for increased focus on boda-boda insurance
Kampala, Uganda | THE INDEPENDENT | The Ministry of Works and Transport has urged government departments to lead the way by insuring their assets, not only to reduce risk but to propel insurance penetration in Uganda. The minister, Gen Edward Katumba Wamala, says his ministry has most of its assets …
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