Tag Archives: Insurance

Kampala, Uganda | THE INDEPENDENT | The insurance industry has declared the direct effects of the COVID-19 pandemic on the business behind them, following sustained growth in premiums raises and claims paid. According to the figures, the industry remained on a positive growth path in 2022, with Gross Written Premium …

BoU data shows members’ deposits stood at Shs.884.96 billion, while shares and other equity amounted to Shs.865.61 billion and Shs.1.471 trillion Kampala, Uganda | ISAAC KHISA | Local insurers in Uganda, just like their counterparts across Africa, are leveraging on bancassurance, agents and their physical outlets to increase insurance sales and …

Kampala, Uganda | THE INDEPENDENT | Britam Holdings has signed a partnership agreement with the Commercial Bank of Kenya (KCB) and the National Bank of Kenya (NBK). Through this agreement, KCB Bancassurance Intermediary and National Bank of Kenya Bancassurance Intermediary will distribute two new health insurance products provided by Britam to …

Kampala, Uganda | THE INDEPENDENT | Uganda Insurers Association (UIA) says motorists are yet to fully respect the Motor Third Party insurance cover policy despite being mandatory to all. Juliet Igonu, the Technical Manager-Non-life insurance at UIA says recent figures show that less than 1 million vehicles have Motor Third Party …

Kampala, Uganda | THE INDEPENDENT | Uganda’s medical insurers could soon stop printing medical insurance cards following the launch of a cardless solution. Kenyan-based Smart Applications International Ltd, commonly known as Smart, launched a mobile application dubbed Smart Access solution in Kampala on May.17 to enable patients to access healthcare insurance …

Kampala, Uganda | PATRICIA AKANKWATSA | For a population of 45 million people, only a total number of 388,966 (Exclusive of Health Insurance) life policies were taken up in 2021 as per the IRA report. This equates to only 0.86 policies which reflects the low penetration of life insurance in Uganda. …

Kampala, Uganda | THE INDEPENDENT | The Ministry of Health has laid down the case for the need for a National Health Insurance Scheme for Uganda, saying it is the only way all Ugandans would be able to access affordable and quality health services. The Permanent Secretary, Diana Atwine, says her …

Kampala, Uganda | PATRICIA AKANKWATSA | UAP Old Mutual Group walked away with 9 awards at the just concluded Uganda Insurers Association (UIA) awards held on April 27th at Hotel Africana. UAP won awards in the categories of; Best New Agent to Rashid Kizito. 3rd runner up Highest Premium written …

Kampala, Uganda | THE INDEPENDENT | The Insurance industry is registering increasing cases of fraud with the regulators citing motor vehicle and medical insurance as the most affected. This according to the Uganda Insurance Regulatory Authority is also leading to the high cost of doing business and consequently the cost of …

Kampala, Uganda  | THE INDEPENDENT l Uganda Insurers Association (UIA), the umbrella organization for all insurance companies in Uganda, has unveiled the Annual Insurance Agents Awards. The awards to be held under the theme ‘celebrating the role of an agent in the insurance cycle’ will take place in Kampala on April …