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Tag Archives: Insurance

Insurance: Phoenix eyes 57% growth after rebranding

Kampala, Uganda | JULIUS BUSINGE | Starting Oct.11, Phoenix Assurance rebranded and changed its name to MUA Insurance Uganda Ltd or simply MUA following an event that took place at the Sheraton Kampala Hotel a day before. Phoenix of Uganda Assurance Company Ltd was licensed to do business in Uganda in …

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Mergers, acquisitions loom for insurers

Smaller insurers face take-overs from bigger players Kampala, Uganda | ISAAC KHISA | A new push by the regulator to financially strengthen the country’s insurance industry is likely to trigger a wave of mergers and acquisitions as firms race to comply with new minimum capital requirements. The new developments were communicated …

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Insurer boosts Uganda’s renewable energy projects

The African Insurance Agency will support solar PV, hydro, wind, geothermal, biomass and cogeneration technologies Kampala, Uganda | ISAAC KHISA | The multilateral insurer, African Trade Insurance Agency (ATI), will provide up to US$10million as financial protection to new small and medium-sized renewable energy projects in Uganda to facilitate their smooth …

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Banks demand quick reforms in insurance, ICT

Kampala, Uganda | JULIUS BUSINGE | Commercial banks under their umbrella organization, Uganda Bankers Association (UBA) are demanding reforms from government in key sectors of agriculture, information technology; insurance and debt repayment to enable them thrive in tough economic times. Patrick Mweheire, the chairperson of UBA and the Chief Executive, Stanbic …

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Insurance association eyes marine deals for local companies

Kampala, Uganda | JULIUS BUSINGE  | The Uganda Insurance Association (UIA) is sensitising importers of goods about marine insurance in a bid to complement efforts by the regulator –Insurance Regulatory Authority – in creating awareness and appreciation of the local purchase of this policy. This move is targeting different groups including; …

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Community health insurance

Showing government how national health insurance scheme should run? Kampala, Uganda | FLAVIA NASSAKA | Hillary Ssempa has nothing good to say about government healthcare facilities. For him, their promise of free, quality medical care is hollow. He no longer goes to government health facilities but recalls that whenever he …

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Insurance companies to share oil sector risks, benefits

Kampala, Uganda | JULIUS BUSINGE | As Uganda makes steps towards getting first oil in 2020, insurance companies are working on mechanisms of partnering to share risks and benefits that will manifest. Speaking to journalists on the sidelines of a press conference on the upcoming oil and gas convention to be …

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aYo Uganda micro insurance hits 500,000 customers

kampala, Uganda | JULIUS BUSINGE | Over 500,000 customers have signed up for MyHospital and MyLife micro-insurance covers offered by aYo Uganda Limited since opening shop in Uganda in Sept. 2016. This was confirmed by the firm’s Chief Executive Officer, Edwin Kwesiga. aYo Uganda is a subsidiary of aYo Holdings Limited, …

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