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Q&A: Uganda’s Insurance Industry is very solid; to withstand Covid-19 shocks — Insurance Regulator’s Alhaj Kaddunabbi Alhaj Kaddunabbi Ibrahim Lubega, has been the Chief Executive Officer of Uganda’s Insurance Regulatory Authority (IRA) since 2011. Under him, the insurance sector has flourished with double-digit growth year in year out. The number of licensed players has more than doubled from 62 in 2010 to 128 as of January 2020. Total industry premiums, including HMOs and micro insurance, have grown by fourfold, from UGX296 billion to UGX974 billion. Alhaj Kaddunabbi sat down with CEO East Africa’s Muhereza Kyamutetera for an interview on the insurance sector’s performance, the impact of Covid-19, and what the regulator says is a very bright future.

by Muhereza Kyamutetera

Uganda’s insurance industry has grown quite significantly, nearly touching the UGX1 trillion in premiums mark in 2019- what are some of the key highlights of this growth?First of all, in…

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About the Author

Muhereza Kyamutetera is the Executive Editor of CEO East Africa Magazine. I am a travel enthusiast and the Experiences & Destinations Marketing Manager at EDXTravel. Extremely Ugandaholic. Ask me about #1000Reasons2ExploreUganda and how to Take Your Place In The African Sun.

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