Kampala, Uganda | URN | The Insurance Regulatory Authority of Uganda (IRA) is proposing a new formula for calculating contributions to the National Health Insurance Scheme (NHIS), replacing the contentious flat percentage deductions with an income-band system similar to Uganda Revenue Authority’s Pay As You Earn (PAYE) tax model. The …
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Kampala, Uganda | URN | Dr Protazio Sande is the Acting Chief Executive Officer of the Insurance Regulatory Authority (IRA), following the expiry of long-serving CEO Kaddunabbi Ibrahim Lubega’s contract on Sunday. The Board of Directors of the IRA made the decision to ensure there is no leadership vacuum, as they …
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Kampala, Uganda | URN | The Insurance Regulatory Authority of Uganda (IRA) and its former Board Chairperson, Dr. Isaac Nkote Nabeta, have asked the High Court to dismiss a judicial review application filed by outgoing Chief Executive Officer Ibrahim Kaddunabbi Lubega, arguing that his case has been overtaken by events …
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Kampala, Uganda | URN | The Insurance Regulatory Authority (IRA) has instructed general insurers to implement mandatory awareness and sensitization campaigns on workers’ compensation insurance. This directive aims to address widespread non-compliance and ongoing gaps in claims management. It also seeks to close the persistent knowledge gaps around requirements and …
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Entebbe, Uganda | Julius Businge | Kaddunabbi Ibrahim Lubega, the chief executive officer of the Insurance Regulatory Authority (IRA), has challenged Uganda’s accountants to transform their profession and safeguard the nation by championing personal insurance. Speaking at the 30th Annual Seminar of the Institute of Certified Public Accountants of Uganda …
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Kampala, Uganda | THE INDEPENDENT | The Insurance Regulatory Authority has advised smaller companies to merge with others so as to make the insurance industry stronger and better. Uganda today has eight life insurance companies and 10 non-life insurance providers licensed, and these recorded a total of sh1.76 trillion in …
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Kampala, Uganda | JULIUS BUSINGE | The Insurance Regulatory Authority of Uganda (IRA) has officially announced the 4th Annual Insurance Week, set to take place from March 10 to 13, 2025, under the theme “Redefining Insurance: Trust, Innovation, and Inclusivity.” The event will be held at Millennium Park (formerly KCCA Grounds) …
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Kampala, Uganda | THE INDEPENDENT | The Insurance Regulatory Authority of Uganda (IRA) has officially launched the 2024 Annual Insurance Innovation Awards (AIIA). The Authority is inviting all licensed industry players to participate. Now in its fifth year, the AIIA aims to recognize innovators who are reshaping the role of insurance …
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Kampala, Uganda | THE INDEPENDENT | Centenary Bank Managing Director, Fabian Kasi, has emphasized the strategic importance of technology investment in maintaining the bank’s competitive edge, as the institution allocates $15 million to upgrade its core banking IT systems. Kasi, who shared his insights during the 62nd CEO Breakfast Meeting organized …
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To allow users time to adapt, the government has set a compliance deadline of December 31, 2024 Kampala, Uganda | THE INDEPENDENT | Uganda’s insurance regulator, Insurance Regulatory Authority of Uganda (IRA), in partnership with the Uganda Revenue Authority (URA), has launched an integrated online platform dedicated to marine and goods-in-transit …
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The Independent Uganda: You get the Truth we Pay the Price
