The insurance industry recorded Shs1.6trillion in premiums last year but motor third party accounted for only one percent Kampala, Uganda | THE INDEPENDENT | Insurance sector leaders are calling on the government to implement measures ensuring that all motorists secure mandatory motor third-party insurance, aimed at safeguarding road accident victims. Speaking …
Read More »UIA launches initiative to transition traders of imported products to local manufacturers
Kampala, Uganda | THE INDEPENDENT | The Uganda Investment Authority (UIA) has unveiled a groundbreaking initiative to encourage traders in Kampala’s business hub, popularly known as Kikuubo, to transition from trading in imported products to manufacturing them locally. The “Transitioning Kikuubo Traders to Manufacturing” initiative” is hinged on the spirit …
Read More »UIA holds workers’ compensation workshop
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 …
Read More »BoU, UIA embark on public sensitisation on underperforming recovery funds
Rukungiri, Uganda | THE INDEPENDENT | The Uganda Investment Authority and the Bank of Uganda have started on a campaign to popularize the small and medium enterprise credit funds that were meant to help lower-income entrepreneurs out of the effects Covid-19 pandemic. There have been consistent reports that the Small Business …
Read More »Medical insurers and service providers meet to align operations
Kampala, Uganda | THE INDEPENDENT | The Uganda Healthcare Federation (UHF) together with the Uganda Insurers Association (UIA) have disclosed plans to mitigate the high gross pay-outs registered annually by the Medical Insurers and Service Providers. The revelation was made during the Medical Service Providers Breakfast Meeting held at Fairway …
Read More »Industrial Park: Kisoro land ready for construction
Kisoro, Uganda | THE INDEPENDENT | The government has completed the acquisition of the land allocated for the construction of Kisoro Industrial and Business Park in Kisoro District. This was after the Uganda Investment Authority obtained the land title, and marked the borders, paving the way for the construction works to …
Read More »COP28: $400-million green investment commitments announced for Uganda
Dubai, UAE | THE INDEPENDENT | Over $400 million in green investment commitments have been announced for Uganda at the climate change conference (COP28) in Dubai, United Arab Emirates (UAE). The green investment commitments, current and future, are for the next four years in the areas of renewable energy, water …
Read More »UIA to engage business community after UMA Fair
Kampala, Uganda | THE INDEPENDENT | The Uganda Insurers Association is set to continue engaging the members of the business community about the relevance of buying insurance in line with their routine operations. According to Philip Higiro, UIA public relations and membership manager, the decision has been informed by the great …
Read More »Insurance Companies register sales as Life Camp closes in Elgon Region
Kampala, Uganda | THE INDEPENDENT | The Inaugural Uganda Insurers Association (UIA) Life Camp ended in Eastern Uganda after a week of activities where insurance companies exhibited different Life Insurance products. The camp took place at the UCU Mbale Grounds starting July 24th -28th. The week-long event saw 9 Life Insurance …
Read More »UIA unveils Simbula with Motor Third Party Insurance campaign
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 …
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