Insurance Archives – Page 3 of 3

Insurance Institute celebrates 50 years with a call to all industry players

by theceomaThe Big StoryFebruary 21, 2014February 21, 2014

By Our Reporter The Insurance Institute of Uganda (IIU) is this year celebrating 50 years of its existence and is scheduled to host its first international conference slated for February 28, 2014, themed ‘Insurance, The Rise of a New Dawn – Managing Emerging Risks in a developing economy. Our reporter…

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Insurance Institute of Uganda marks 50 years of existence

by theceomaThe Big StoryFebruary 12, 2014February 12, 2014

By Patrick Kagenda With a 50 year old institute , the Uganda Insurance industry could be mistaken to be all that vibrant. However the case is just the opposite of the industry after it remains lagging behind its peers in the EAC region following years of war and a near…

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Why you should embrace insurance in 2014

by theceomaTop 10February 4, 2014February 4, 2014

By Silvia Nyambura On 5th July 2013, Edward Gakwaya the Director of Muhabura Coaches lost 2 buses to a fire while on a routine servicing trip to the garage. According to Gakwaya, the buses were having their seats changed when a welding spark caused a fire and burned the 2…

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Business moments of 2013: a Look at the performance of uganda’s Leading sectors

by theceomaThe Big StoryJanuary 2, 2014

By The CEO Team A period of 12 months culminating into end of the year is not short time. During the course of this period, a lot of events happened both positive and negative, but as human beings, memorizing all the events is an arduous task, yet they are important…

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NIKO insurance in festive sensitization drive

by theceomaThe Big StoryDecember 20, 2013December 20, 2013

By Taddewo Senyonyi Niko insurance Uganda in partnership with major petrol stations in the country on December, 19 embarked on public awareness about various insurance products during the festive season. Simon Bashabe, the Business Development Manager at NIKO Insurance said many people in Uganda do not comprehend the usefulness of…

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Japheth Katto: The “Father

by theceomaThe Big StoryAugust 15, 2013January 15, 2014

By Mark Muhumuza In 1998, Japheth Katto left a well paying job at the Financial Services Authority (FSA) in the United Kingdom, to be part of the team that set up Uganda’s Capital Markets. He was able to eventually lead to the establishment of the Capital Market Authority (CMA) from…

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Uganda Reinsurance to bolster Uganda’s insurance sector

by theceomaTop 10August 14, 2013February 14, 2014

By Silvia Nyambura Reinsurance refers to the practice of insurers transferring portions of risk portfolios to other parties by some form of agreement in order to reduce the likelihood of having to pay a large obligation resulting from an insurance claim. It is a practice aimed at reducing the risks…

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Jubilee Insurance thrives on innovation to be Market Leader

by theceomaTop 10August 13, 2013February 13, 2014

By Silvia Nyambura In a country where the insurance industry is grappling with low penetration levels and lack of awareness about insurance, insurance companies have had to find innovative ways to stay in business. The sector’s premium growth declined to 18.48 percent in 2012 from 20 percent in 2011 owing to ‘high inflation…

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National Insurance Corporation narrowly survives the axe

by theceomaTop 10July 12, 2013March 12, 2014

By Mark Muhumuza Survival instincts; this is perhaps the best way of describing how National Insurance Corporation Limited (NIC) survived being suspended by the Uganda Securities Exchange (USE) for delaying the release of its 2012 financial statements. The insurer published its results two months after the deadline set by the…

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