Tag Archives: IRA

Kampala, Uganda | THE INDEPENDENT | Several hospitals face termination from serving clients who have health insurance policies after insurance companies accused them of fraud. This comes after The Uganda Insurers Association (UIA)-commissioned a fraud survey in 2018/19 financial year that found wide-spread cheating with hospitals putting in fictitious claims. …

London, United Kingdom | AFP | The fate of Theresa May’s tortured Brexit deal now appears to rest squarely with Arlene Foster — a Northern Irish ultra-conservative politician whose father was shot in the head by the IRA. She has been thrust into the global spotlight by a confluence of events …

Kampala, Uganda | THE INDEPENDENT | The Insurance Regulatory Authority has licenced 114 players to carryout insurance business this year. These includes 32 insurance companies; one Micro Insurance firm, one re-insurer, five Health Membership Organizations (HMOs), 35 insurance brokers, two re-insurance brokers and 24 Loss Assessors, adjusters, insureance surveyors and risk …

Kampala, Uganda | THE INDEPENDENT | The Chief Executive Officer of the Insurance Regulatory Authority has vehemently opposed government proposal to merge it with Bank of Uganda. Ibrahim Lubega Kaddunabbi says while the idea of rationalizing government agencies is not bad, the method was wrong citing lack of consultation as an …

Kampala, Uganda | ISAAC KHISA | The Insurance Regulatory Authority of Uganda (IRA-U) has started the construction of a Shs 28.4billion tower office and commercial block in Kampala. The 16,500 square meter project known as Insurance Towerswith 11 floors and two basements, is situated along Lumumba Avenue near the Rwenzori Courts. …

Kampala, Uganda | JULIUS BUSINGE | The Insurance Regulatory Authority (IRA) has so far issued eight certificates to banks to offer bancassurance (selling insurance policies) to their clients as one way of boosting the sector’s growth. Speaking at a press conference in Kampala on Feb.08, IRA officials including the Chief Executive …

New move expected to boost country’s insurance penetration Kampala, Uganda | ISAAC KHISA | For a long time, buying insurance policies in Uganda through commercial banks, also known as bancassurance, remained unthinkable. Policies were purchased directly from insurers’ branches or through brokers, a situation that had been blamed for a slowdown …

Slow insurance growth, but Industry executives expect business to pick up Kampala, Uganda| Isaac Khisa| Uganda insurers recorded a 3.6% growth in premiums in 2016, their slowest growth rate in five years, citing harsh economic environment, slow implementation of infrastructural projects and reduced private sector credit. Full year industry performance …