Tag Archives: Insurance

  Kampala, Uganda | THE INDEPENDENT | Letshego Uganda has partnered with Africa’s insurtech Turaco Insurance Brokers Ltd to provide affordable health insurance coverage to Letshego customers. The partnership aims to help mitigate health-related financial risks in line with Letshego’s mission of empowering the underbanked and driving financial inclusion in …

Kampala, Uganda | THE INDEPENDENT | dfcu Bank has launched a new campaign targeting individuals in the insurance sector. Robert Muhiire who is dfcu Bank’s Principal Officer Bancassurance said the campaign is dubbed ‘Cover with Us’ and will provide a variety of insurance solutions to the Bank’s customers, which can be …

Kampala, Uganda | THE INDEPENDENT | ICEA General Insurance has once again been crowned overall winners of the Insurance Gala 2023 edition held at KISU play grounds. ICEA who were also winners of last year’s edition beat over 40 other participants to the top prize. UAP Old Mutual Insurance emerged the …

Kampala, Uganda | THE INDEPENDENT | The Minister of Health has revealed that the National Health Insurance Scheme Bill will be re-tabled. The Bill was on 31st March 2021 passed by Parliament but President Yoweri Museveni declined to assent to it due to disagreements among some stakeholders. It was then reported …

Kampala, Uganda | THE INDEPENDENT | The insurance industry has declared the direct effects of the COVID-19 pandemic on the business behind them, following sustained growth in premiums raises and claims paid. According to the figures, the industry remained on a positive growth path in 2022, with Gross Written Premium …

BoU data shows members’ deposits stood at Shs.884.96 billion, while shares and other equity amounted to Shs.865.61 billion and Shs.1.471 trillion Kampala, Uganda | ISAAC KHISA | Local insurers in Uganda, just like their counterparts across Africa, are leveraging on bancassurance, agents and their physical outlets to increase insurance sales and …

Kampala, Uganda | THE INDEPENDENT | Britam Holdings has signed a partnership agreement with the Commercial Bank of Kenya (KCB) and the National Bank of Kenya (NBK). Through this agreement, KCB Bancassurance Intermediary and National Bank of Kenya Bancassurance Intermediary will distribute two new health insurance products provided by Britam to …

Kampala, Uganda | THE INDEPENDENT | Uganda Insurers Association (UIA) says motorists are yet to fully respect the Motor Third Party insurance cover policy despite being mandatory to all. Juliet Igonu, the Technical Manager-Non-life insurance at UIA says recent figures show that less than 1 million vehicles have Motor Third Party …

Kampala, Uganda | THE INDEPENDENT | Uganda’s medical insurers could soon stop printing medical insurance cards following the launch of a cardless solution. Kenyan-based Smart Applications International Ltd, commonly known as Smart, launched a mobile application dubbed Smart Access solution in Kampala on May.17 to enable patients to access healthcare insurance …

Kampala, Uganda | PATRICIA AKANKWATSA | For a population of 45 million people, only a total number of 388,966 (Exclusive of Health Insurance) life policies were taken up in 2021 as per the IRA report. This equates to only 0.86 policies which reflects the low penetration of life insurance in Uganda. …