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Tag Archives: Insurance

COVID-19 pandemic pushes 3 insurers out of business

  But the insurance industry still has room for future growth Kampala, Uganda | ISAAC KHISA | Coronavirus pandemic has forced three insurance players to cease operations in Uganda amidst government’s decision to ease restrictions this year to salvage the economy. Metropolitan Life Uganda, which opened shop in 2017 targeting …

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Insurances industry sees positive growth amidst COVID-19

Failure to operationalise the National Health Insurance Scheme and resurgence of COVID-19 may constrain demand for insurance Kampala, Uganda | ISAAC KHISA | Uganda’s insurance industry is projected to register consistent growth in 2022 riding on technology innovations, government’s investment in infrastructure and increased economic activities as economy opens up. …

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Allianz are now majority shareholders of Jubilee Insurance

  Kampala, Uganda | THE INDEPENDENT | Following the successful completion of the separation of the business of Jubilee Insurance Company of Uganda Limited into separate general and medical insurance companies, executives from both sides said on Oct.05 in Kampala, they are proceeding to close Allianz Group purchase of a …

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Global insurer Allianz enters Uganda market

Kampala, Uganda | THE INDEPENDENT | Allianz, one of the world’s leading insurers and asset managers has acquired a majority stake in Jubilee Insurance Uganda. This is part of the USD 100 million investment in the East African region. The acquisition follows the execution of an agreement signed on September …

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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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