Tag Archives: Insurance

Kampala, Uganda | THE INDEPENDENT | The insurance industry has successfully implemented a product incubation project aimed at supporting seamless role out of innovative products onto the market. The project, a regulatory sandbox, provides a controlled environment for the live-testing of new products, technology, or business models under the watchful …

Kampala, Uganda | THE INDEPENDENT | The Uganda Insurers Association (UIA) has expressed optimism that recognizing top-performing industry agents will significantly boost insurance penetration and contribute to the sector’s overall growth. During the 13th Annual UIA Insurance Agents Awards held on April 26 at Speke Resort Munyonyo, UIA’s Chairman of the …

Kampala, Uganda | THE INDEPENDENT | The Uganda Revenue Authority (URA) has appealed to traders who are already registered on Electronic Fiscal Receipting and Invoicing Solutions (EFRIS) to popularize it. It emerges that those opposed to this solution think that it is a form of tax. Electronic Fiscal Receipting and Invoicing …

NAIROBI, KENYA | Xinhua | East African countries unveiled a strategic plan on Thursday aimed at increasing insurance penetration in the region. Kaddunabbi Ibrahim Lubega, Chairman of the East African Insurance Supervisors’ Association and CEO of the Insurance Regulatory Authority of Uganda, announced the plan in Nairobi, Kenya. Lubega said …

  Kampala, Uganda | THE INDEPENDENT |  Uganda Insurers Association (UIA) held a consultative stakeholder workshop on the draft guidelines on the computation of Workers’ Compensation in partnership with the Ministry of Gender, Labour & Social Development. The workshop which featured Labour Officers from the Western Region took place at …

Kampala, Uganda | THE INDEPENDENT | Bankers want bank agents to be allowed to conduct Bancassurance business on behalf of the financial institutions to enhance access to the services by the public. Diamond Trust Bank, named Most Innovative Bancassurance Agent 2022, says there is a need to further take services closure …

Kampala, Uganda | THE INDEPENDENT | The insurance industry has attributed the recent high growth rates in business to the innovation trends, that have seen delivery of services to the public become easier. The business value, measured by the value of the Gross Underwritten Premiums (the money that the public gives …

Kampala, Uganda | THE INDEPENDENT | Jubilee Life Insurance Company Uganda has rewarded its outstanding agents in a bid to appreciate them for keeping the company competitive in the market. Kumar Sumit Gaurav, the Chief Executive Officer of the insurer, led a rewarding event honoring agents who excelled in selling policies …

Kampala, Uganda | THE INDEPENDENT | Jubilee Life Insurance Company Uganda anticipates a significant expansion in the insurance market in Uganda, relying on its agents to effectively promote and sell its policies. Last Friday (Feb. 9) at the Sheraton Hotel, Kumar Sumit Gaurav, the Chief Executive Officer of the insurer, …

    Kampala, Uganda | THE INDEPENDENT | In the world of healthcare, insurance plays a major role in ensuring that individuals have access to quality medical services when they need them the most. Within this area, the fight against cancer stands as one of the most significant battles, requiring …