This year holds a promise of growth with more Ugandans taking on insurance, The sector, even as penetration remains under 1 percent, has been expanding in terms of premiums, supported by especially growth in health or medical…
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Beyond the conventional channels of writing insurance premiums, insurers have also built a new revenue stream of bancassurance through which they partner with banks to recruit new policyholders. During the three…
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The insurance industry registered robust growth rates in the first three quarters of 2024. The total gross written premium grew to Ugx.1.39 trillion in the third quarter of 2024 compared…
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NIC Holdings has come out to explain the suspension of the operating licence for NIC Life Assurance Company Limited (NIC Life).The Insurance Regulatory Authority – IRA recently suspended the operating…
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Bancassurance contributed UGX103.5 billion to the UGX1.1 trillion Gross Written Premium (GWP) recorded by Uganda’s insurance sector in 2021 with Stanbic Bank accounting for 22 percent to consolidate its position…
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Prudential Uganda has won three awards; the Most Innovative Life Insurance Product, Most Innovative Insurance Agent and the Overall Judges’ Special Award in the second edition of the Insurance Innovation…
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VisionFund Uganda and Turaco Insurance Brokers Limited (T/A Turaco) are proud to officially announce the launch of their partnership with a microinsurance product called “VisionFund Cares”. The product offering, available to over…
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The Insurance Regulatory Authority of Uganda (IRA) has published industry performance for the period April-June 2021 (Q2) with Bancassurance recording a 54% growth dominated by Stanbic Bank Uganda which consolidated…
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ALHAJ KADDUNABBI IBRAHIM LUBEGA Chief Executive Officer Alhaj Kaddunabbi Ibrahim Lubega is a Fellow and Certified Insurance Professional of the Australian and New Zealand Institute of Insurance and Finance (ANZIIF)…
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In November 1964, soon after the completion of political independence in East African, three companies, Eagle Star Insurance, the Welfare Insurance, and the New Zealand Insurance Company merged their regional…
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