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Tag Archives: IRA

Banks boost customers’ confidence in insurance – Players

Kampala, Uganda | THE INDEPENDENT | More Ugandans are buying insurance through their banks as the channels have boosted confidence in insurance, players have said. Official figures show an upward curve of insurance products through banks, which is technically known as bancassurance. It started in Uganda in 2017 after the amendment …

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Insurers asked to give policy holders 3-months grace period

Kampala, Uganda | THE INDEPENDENT | Ugandans and businesses should be given a grace period of up 90-days in which to pay their insurance before they are rendered uncovered, the industry regulator Insurance Regulatory Authority has advised. In a letter to all insurance companies, IRA advises that a “grace period …

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Insurance premiums to increase as players cater for fraud

      Kampala, Uganda | THE INDEPENDENT  | Ugandans and companies buying insurance policies will likely pay higher premiums after insurance companies discovered widespread fraud by hospitals and some customers in the medical insurance side. The increased premium cost is a direct impact of fraud in insurance with insurers …

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Fighting insurance fraud

  Ibrahim Kaddunabbi and Allan Mafabi IRA boss tips sector executives on managing scams that could haunt performance   Kampala, Uganda | JULIUS BUSINGE | Insurance companies must put in place feasible policies to manage fraud that could easily jeopardize their good performance. This is the summary of what Ibrahim Kaddunabbi …

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Hospitals face termination by insurance companies over fraud

Kampala, Uganda | THE INDEPENDENT | Several hospitals face termination from serving clients who have health insurance policies after insurance companies accused them of fraud. This comes after The Uganda Insurers Association (UIA)-commissioned a fraud survey in 2018/19 financial year that found wide-spread cheating with hospitals putting in fictitious claims. …

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