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Tag Archives: Insurance

Silent ‘War’ as banks take insurance broker’s profits

Kampala, Uganda | THE INDEPENDENT | Commercial banks’ written premiums from insurance are on steady increase hardly three years after the banking law allowed banks to distribute insurance. The Insurance Regulatory Authority says the insurance premiums from Bancassurance now stand at slightly above twenty-six billion Shillings from zero in August 2017 …

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Britam clinches deal with Uganda Airlines

UK-based insurer in Uganda, Britam, has once again won a business deal with the government to provide insurance cover, this time for Uganda Airlines. Kampala, Uganda | ISAAC KHISA | Willis Towers Watson is the airlines’ insurance broker. Britam CEO, Allan Mafabi confirmed to The Independent on Aug.02 that they …

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How Uganda’s insurance firms performed in 2018

Only nine insurance companies recorded approximately Shs40bn as profit Kampala, Uganda | ISAAC KHISA | Only nine out of 21 Non-life insurance companies operating in Uganda made profits for the year ended Dec.2018, data from the Insurance Regulatory Authority of Uganda shows. Jubilee, UAP, Sanlam, Britam, Goldstar, Alliance Africa, Statewide, …

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Insurance broker MINET trains insurers on matters oil

Kampala, Uganda | JULIUS BUSINGE | Insurance broker Minet Uganda Limited in partnership with AON from the United Kingdom, conducted an oil and gas training aimed at equipping insurers with knowledge about oil and gas risks. Around 40 insurance industry executives attended the workshop at Sheraton Kampala Hotel, the company said in …

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Insurer’s minimum capital requirement goes up

The move could see major mergers and acquisitions Kampala, Uganda | ISAAC KHISA | Uganda’s insurance regulator has increased the minimum capital requirements for insurers, a move that is intended to strengthen their capacity to handle risks. The Insurance Regulatory Authority of Uganda requires insurers to boost their capital in …

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IRA licenses 114 insurance players

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 …

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THIS WEEK: Britam unveils Windows Glass insurance

THIS WEEK: Britam unveils Windows Glass insurance Kampala, Uganda | THE INDEPENDENT | Britam Insurance Company (Uganda) Limited has unveiled a new product dubbed “Windows Glass Cover” (WGC) which is an extension of its already existing motor third party insurance cover. Speaking during the unveiling of the cover on Oct.22, Edward …

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