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Tag Archives: Insurance

Kenya to harness technology to boost insurance penetration

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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Agriculture insurance still a mystery among farmers in Acholi

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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Embedded insurance a game changer to the industry

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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Makerere University buildings not insured – Nawangwe

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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Insurance companies restless over increasing taxation

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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Banks boost customers’ confidence in insurance – Players

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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