Kampala, Uganda | ISAAC KHISA | Insurance Regulatory Authority of Uganda has unveiled the first ever mortality table for life insurance companies in the country to help determine pricing, which may decrease or increase payments popularly known as premiums for new life insurance products and annuities. The table dubbed Uganda …
Read More »
Players are changing tactics to deal with the sector’s penetration headache | THE INDEPENDENT | Why has Uganda’s insurance penetration remained below 1% for many years? This is the question that has been asked several times and players continue to scratch their head to answer it. The public will be waiting …
Read More »
Octagon Africa, a regional financial services provider offering pension and insurance service entered Uganda’s pension market in 2013, and now holds about US$100million in assets under its management. The firm’s CEO Fred Waswa spoke to The Independent’s Isaac Khisa on a wide range of issues in the pension industry. What …
Read More »
But the insurance industry still has room for future growth Kampala, Uganda | ISAAC KHISA | Coronavirus pandemic has forced three insurance players to cease operations in Uganda amidst government’s decision to ease restrictions this year to salvage the economy. Metropolitan Life Uganda, which opened shop in 2017 targeting …
Read More »
Failure to operationalise the National Health Insurance Scheme and resurgence of COVID-19 may constrain demand for insurance Kampala, Uganda | ISAAC KHISA | Uganda’s insurance industry is projected to register consistent growth in 2022 riding on technology innovations, government’s investment in infrastructure and increased economic activities as economy opens up. …
Read More »
Kampala, Uganda | THE INDEPENDENT | Following the successful completion of the separation of the business of Jubilee Insurance Company of Uganda Limited into separate general and medical insurance companies, executives from both sides said on Oct.05 in Kampala, they are proceeding to close Allianz Group purchase of a …
Read More »
Kampala, Uganda | THE INDEPENDENT | Allianz, one of the world’s leading insurers and asset managers has acquired a majority stake in Jubilee Insurance Uganda. This is part of the USD 100 million investment in the East African region. The acquisition follows the execution of an agreement signed on September …
Read More »
Nairobi, Kenya | Xinhua | Kenya plans to harness technology in order to boost insurance penetration in the country, the insurance regulator said on Monday. Godfrey Kiptum, CEO of Insurance Regulatory Authority (IRA) told journalists in Nairobi that the use of Internet of things, blockchain, Big Data, application programming interface, machine …
Read More »
Health Insurance Bill ✳ A 1% deduction on salaries of the employed ✳ Those in informal sector to pay sh100,000 annually ✳ The approved Bill, now an Act of Parliament awaits assent by president Yoweri Museveni. Kampala, Uganda | THE INDEPENDENT | Parliament has passed the National Health Insurance Bill. The …
Read More »
Kampala, Uganda | THE INDEPENDENT | The insurance industry is adjusting its operational and business modules to cater for the new challenges facing the industry, the economy and social life, after unprecedented developments like COVID-19 over the last one year. The industry says this is a response to concerns that losses …
Read More »
The Independent Uganda: You get the Truth we Pay the Price