Kampala, Uganda | THE INDEPENDENT l Uganda Insurers Association (UIA), the umbrella organization for all insurance companies in Uganda, has unveiled the Annual Insurance Agents Awards. The awards to be held under the theme ‘celebrating the role of an agent in the insurance cycle’ will take place in Kampala on April …
Read More »UIA launches Insurance agents awards 2023 edition
Kampala, Uganda | THE INDEPENDENT | Uganda Insurers Association (UIA), the umbrella organization for all insurance companies in Uganda, has unveiled the Annual Insurance Agents Awards. The awards to be held under the theme Celebrating the role of an agent in the insurance cycle, will take place at Hotel Africana on …
Read More »Liberty Uganda scoops insurance awards
Kampala, Uganda | THE INDEPENDENT | Liberty Uganda has continued its winning streak in 2023 by taking home three awards in the third edition of the Insurance Innovation Awards organized by the Insurance Regulatory Authority of Uganda (IRA) on March 10. It won the Most Innovative Insurance Solution (Online Portal for …
Read More »Innovation, prompt claims payouts boost Insurance growth
Kampala, Uganda | THE INDEPENDENT | Uganda’s insurance Industry reports that in 2022 the various companies collected a total of 1.44 trillion Shillings in gross underwritten premiums, compared to 1.13 trillion Shillings recorded in 2021. This, according to the industry is due mainly to increasing awareness by the public of the …
Read More »RIDERS: Make insurance boda boda friendly
Kampala, Uganda | THE INDEPENDENT | Bodaboda operators in Uganda have faulted the insurance industry for not taking care of their challenges to the extent that they see insurance as a money-making venture for the companies. They specifically question why they are forced to pay for third-party insurance yet when they …
Read More »Oil and Gas companies shunning local Industry – Insurers
Kampala, Uganda | THE INDEPENDENT | The oil and gas companies snubbed Uganda’s insurance industry when importing drilling equipment, which would have raised premiums worth more than one trillion shillings, according to a claim. Specifically, they point at the four drilling rigs that have so far been shipped into the country, …
Read More »Britam plans to enter Life Insurance Space, says no plans to exit Uganda
Kampala, Uganda | Julius Businge | Britam Insurance Company (Uganda) Limited and Britam Asset Managers Company (Uganda) Limited have noted baseless rumours about a potential exit of the company from the Ugandan market, executives said in a press statement dated Jan.20. The statement adds: “Britam Uganda, through its holding company …
Read More »Insurance sector regulator outlines 2023 priorities
Kampala, Uganda | JULIUS BUSINGE | The Insurance Regulatory Authority of Uganda Chief Executive Officer Kaddunabbi Ibrahim Lubega anticipates a good year for the insurance sector supported by improved economic performance in all sectors. Speaking at the CEO breakfast meeting held in Kampala at the end of last year, Kaddunabbi said, …
Read More »Insurance premiums reach Shs1.08tn in quarter three of 2022
The projected total Gross Written Premium at the end of year 2022 is Shs1.3tn supported by a strong economy according to industry regulator Kampala, Uganda | THE INDEPENDENT | Uganda’s insurance sector has remained on a positive growth trajectory in the third quarter of 2022, with the total gross written …
Read More »Legal reforms behind Uganda’s insurance boom
The sector has also benefitted from a strong regulator Kampala, Uganda | ISAAC KHISA | Uganda’s insurance sector is more than seven decades old but momentous growth has only been recorded in the last 10 years as multinational and local insurers scramble for a pie of the emerging market. Big insurers …
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