Tag Archives: Insurance

Isaac Khisa of The Independent magazine emerged as one of the winners of the 2017 Pan-African Re Insurance Journalism awards for a story about the insurance industry. Khisa was last week awarded Best Re/Insurance Industry Analysis and Commentary for his article “Insurance industry tops Shs700bn”. The award winners were announced at …

London, United Kingdom | AFP | Lloyd’s of London’s decision to open a European subsidiary was inevitable following the trigger of Brexit, with the only difficult choice being its location, chief executive Inga Beale told AFP Thursday. Lloyd’s, which insures against catastrophes such as earthquakes, shipwrecks and revolutions, announced it …

VIDEO: Whereas insurance penetration in Uganda remains low at 0.85 percent, insurance companies say there are some products of insurance that should be looked at as a must have such as life insurance. Arjun Malik the Chief Executive officer at Prudential insurance says there is nothing that gives a family a …

The South African company is projected to boost the country’s insurance penetration that now standing at 0.86%, the lowest in the region Low income earners, who often forgo insurance due to the expense, now have an affordable option that they could consider. South Africa-based insurance company, Metropolitan & Momentum International …

CIC Insurance Group seeks Shs7.25billion in share offer to fund expansion Regional insurance firm, CIC Africa Insurance holds just 0.01% of Uganda’s insurance business but it has signaled its determination to change that with plans offer shares to selected Ugandan cooperatives and Savings and Credit Cooperative Societies (SACCOS). The plan …

What happens after `minnow’ swallows former giant of Uganda’s insurance sector? When regional insurance firm Lion Assurance Company (LAC) confirmed plans to take-over agents and business formerly under the American International Group (AIG), the first question was “how?” AIG-Uganda has been the third leading insurance company by assets in Uganda, …

CIC Africa Limited is seeking to raise Sh7.2billion to recapitalise the company’s subsidiaries and fund its expansion. The company plans to raise the funds through sale of 49 % stake to Uganda based co-operatives unions and savings and credit cooperative Societies. Launching the offer on Oct 17, the firm’s chairperson …

  INTERVIEW: Uganda’s Insurance industry’s future outlook shows growth Ibrahim Kaddunabi Lubega is the chief executive officer of the Insurance Regulatory Authority of Uganda (IRA-U). He spoke to Isaac Khisa about their operations and the pertinent issues in insurance industry: What is your leadership philosophy as a CEO? My leadership philosophy …

Last month, Benon Oluka, a journalist with The Observer newspaper, penned an article to narrate his experience with Insurance Company of East Africa (ICEA), an insurance company, which had refused to compensate him as a third party after he was injured in a nasty accident in Kibaale District last year. …

Uganda’s insurance industry premiums are expected to grew 20% to Shs733 billion this year on the back of sustainable economic expansion and demographic shifts and new opportunities. Five years ago, the insurance industry in Uganda could barely raise Shs 500 billion in total premiums. Across the border in Kenya, total …