Tag Archives: Insurance

  Kampala, Uganda | THE INDEPENDENT | Uganda’s mining industry is likely to face a struggle to access the needed insurance cover as they plan more exploration and production. As different companies step up their activities, huge amounts of money will be spent covering for any eventualities that might result in …

The market boasts of two reinsurance companies, 29 insurance players, and three HMOs | THE INDEPENDENT | Insurers in Uganda have recorded an 18.5% growth in gross written premiums for the six-month period ending June.30 to Shs 711.6bn. Results released in Kampala on Aug.18 indicate that the non-life insurance business …

Kampala, Uganda | THE INDEPENDENT | The East African Crude Oil Pipeline secured lead insurers within the country with the approval of the Insurance Regulatory Authority-IRA. The IRA Chief Executive Officer, Alhaj Kaddunabbi Ibrahim Lubega told journalists in Kampala that the insurance question around the project was already resolved. While there have …

Kampala, Uganda | THE INDEPENDENT | The Insurance Regulatory Authority-IRA has revealed that they are strategizing to introduce a mandatory insurance cover for markets as well as high-rising buildings. When these plans finalize, this policy will be added to the already compulsory insurance policies like the motor third party, workman’s compensation, and …

MediProtect is open to the bank customers and any of their nominated dependents, irrespective of age Kampala, Uganda | THE INDEPENDENT | Stanbic customers are now able to acquire for themselves and loved ones, annual medical insurance cover of up to Shs20million, courtesy of Stanbic MediProtect, a joint offer by …

Hoima, Uganda | THE INDEPENDENT | Insurance is a vital aspect of society and investors in Uganda’s Oil and gas sector will require some form of insurance against unforeseen risks. As the oil and gas sector shifts into the development stage, some are predicting that the insurance sector will emerge …

Russia-Ukraine war could deter economic recovery leading to a rise in policy lapses and low new policy uptake and renewals Kampala, Uganda | ISAAC KHISA | Uganda’s insurance industry has recorded a gross written premium growth of 10% for 2021, to Shs 1.18trillion driven by enhanced distribution, customer confidence, risk …

Kampala, Uganda | THE INDEPENDENT | Absa Bank Uganda and Prudential Uganda have launched the Absa Family Protection Plan, a life insurance policy, designed to help families plan for the financial needs faced during the loss of a loved one who is either a member or immediate member of a family. …

Kampala, Uganda | ISAAC KHISA | UAP Old Mutual insurance company has seen its net profit nearly double from Shs 9.7billion in 2020 to Shs 17.2billion last year driven by increase in gross written premiums, better claims and expense management. The insurer, which owns 45% of UAP Old Mutual Properties …

The total group equity value of the joint venture, which will operate in nearly 30 African countries, is expected to be more than $2.1bn, according to Allianz | THE INDEPENDENT | South African insurer Sanlam and Germany’s Allianz have agreed to combine their current and future operations across Africa in …