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Tag Archives: Insurance

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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DFCU becomes the 8th bank cleared to sale insurance

Kampala, Uganda | THE INDEPEDENT | DFCU bank has become the 8th bank to receive a certificate from the insurance regulator, Insurance Regulatory Authority (IRA-U) to start selling insurance products at its 67 branches countrywide. This is backed by the Financial Institutions Amendment Act 2016. During the handover ceremony at IRA …

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Eight banks cleared by IRA to sell insurance policies

Kampala, Uganda | JULIUS BUSINGE | The Insurance Regulatory Authority (IRA) has so far issued eight certificates to banks to offer bancassurance (selling insurance policies) to their clients as one way of boosting the sector’s growth. Speaking at a press conference in Kampala on Feb.08, IRA officials including the Chief Executive …

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UIA in new motor insurance campaign

Kampala, Uganda | THE INDEPENDENT | The umbrella organization of insurers, the Uganda Insurance Association, has intensified a motor insurance awareness drive as part of its countrywide insurance literacy campaign. Miriam Magala, the chief executive officer of UIA said on Nov 29 that as part of the campaign, the association has …

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Slow agriculture insurance uptake

Regulator says aggressive marketing and awareness would reverse the poor performance Kampala, Uganda | ISAAC KHISA | Uganda’s agriculture sector has been associated with many risks – unstable prices, drought, pests and diseases – thus hampering its growth. This prompted the government to unveil a Shs5bn Agriculture Insurance Premium Subsidy Scheme last …

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New acquisition boosts Sanlam’s market share

The company acquired LAC at US$ 6.5million Kampala, Uganda | JULIUS BUSINGE | South Africa-based financial services firm, Sanlam, has upgraded its market share in Uganda with the acquisition of Lion Assurance Company (LAC) at US$6.5million. This follows approval from the Insurance Regulatory Authority of Uganda (IRA-U) nearly two weeks …

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