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Tag Archives: Insurance

Foreign banks can now set up wholly-owned branches in China

China starts lifting restrictions on foreign investment Beijing, China | AFP |  China has started lifting major restrictions on foreign investment in its financial sector, a move long demanded by the United States as the world’s two biggest economies are locked in a fierce trade battle. From the start of …

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Sanlam sues travel agency for failing to clear insurance premium

Kampala, Uganda | THE INDEPENDENT | Sanlam General Insurance Limited has sued Katuma Tours and Travel Limited for alleged failure to pay more than 55 million shillings for comprehensive insurance provided for their vehicles. Sanlam provided comprehensive insurance for the Travel company’s motor vehicles between 2017 and 2019. But the …

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HEALTH: Why NSSF wants raise from 15% to 17%

➡ #NSSF Propsals on #NationalHealthInsuranceBill2019 ✳ Employers extra 1% contribution for health ✳ Employees extra 1% for health ✳ Total contributions move from 15% to 17% ✳ Money to build, stock & equip Health Centres ✳ New 1% charge on minimum wage of shs130,000 Kampala, Uganda | THE INDEPENDENT | …

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Fighting insurance fraud

  Ibrahim Kaddunabbi and Allan Mafabi IRA boss tips sector executives on managing scams that could haunt performance   Kampala, Uganda | JULIUS BUSINGE | Insurance companies must put in place feasible policies to manage fraud that could easily jeopardize their good performance. This is the summary of what Ibrahim Kaddunabbi …

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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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