Nairobi, Kenya | Xinhua | Kenya plans to harness technology in order to boost insurance penetration in the country, the insurance regulator said on Monday. Godfrey Kiptum, CEO of Insurance Regulatory Authority (IRA) told journalists in Nairobi that the use of Internet of things, blockchain, Big Data, application programming interface, machine …
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Health Insurance Bill ✳ A 1% deduction on salaries of the employed ✳ Those in informal sector to pay sh100,000 annually ✳ The approved Bill, now an Act of Parliament awaits assent by president Yoweri Museveni. Kampala, Uganda | THE INDEPENDENT | Parliament has passed the National Health Insurance Bill. The …
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Kampala, Uganda | THE INDEPENDENT | The insurance industry is adjusting its operational and business modules to cater for the new challenges facing the industry, the economy and social life, after unprecedented developments like COVID-19 over the last one year. The industry says this is a response to concerns that losses …
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PARLIAMENT | Isaac Senabulya | Parliament has declined to support a proposal by the Ministry of Finance to withdraw the National Health Insurance Scheme Bill 2019 which is before the house for processing. The bill was before the house for the first and second reading and a presentation of a report …
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Like other businesses, the Prudential insurance group has had a tough year, but its Africa CEO Matt Lilley is optimistic about the company’s prospects on the continent. He spoke to African Business Magazine’s Desné Masie about the company’s strategy, the role of technology in digital inclusion and product innovation. Could …
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Kampala, Uganda | THE INDEPENDENT | Farmers in Acholi sub-region are yet to embrace insurance policies put in place to protect them from losses arising out of drought, pests and disease and floods among other calamities. The government unveiled in the financial year 2016-2017, a 5 billion Shillings Agriculture Insurance Premium …
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Bancassurance has recorded Shs52bn for the three quarters of this year ending Sep.30 Kampala, Uganda | ISAAC KHISA | Embedded insurance model is turning out to be one of the most viable options of selling insurance services to customers as the country strives to increase insurance coverage and deepen penetration. People …
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Kampala, Uganda | THE INDEPENDENT | The Makerere University’s main building widely known as the ivory tower that was razed by fire over the weekend was not insured. According to the university administration, the building whose structure mainly constituted of wood and steel was never insured because insuring it was …
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Kampala, Uganda | THE INDEPENDENT | Insurance players in Uganda have said that the high taxes imposed on insurance premiums are kicking them out of business. An insurance premium is the amount of money an individual or business pays for an insurance policy. Insurers say that on top of every …
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Kampala, Uganda | THE INDEPENDENT | More Ugandans are buying insurance through their banks as the channels have boosted confidence in insurance, players have said. Official figures show an upward curve of insurance products through banks, which is technically known as bancassurance. It started in Uganda in 2017 after the amendment …
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The Independent Uganda: You get the Truth we Pay the Price