IRA Uganda Archives – CEO East Africa

The State of Uganda’s UGX1.425 Trillion Insurance Industry

by Muhereza KyamuteteraIndustry & Analysis The Big StoryJune 16, 2023June 16, 2023

Uganda’s Insurance Regulatory Authority (IRA) has released the official 2022 report detailing the performance of the insurance industry, showing that the sector remained on a growth trajectory in the year…

WHO IS FOOLING WHO? Inside Uganda Railways’ fraud tainted USD3 million insurance claim and the insurance industry’s judicial quest for regulator’s neutrality

by The CEO Magazine TeamThe Big StorySeptember 15, 2021September 15, 2021

The dispute stems from a 1st July 2016 to 30th June 2017 performance bond worth USD3,000,000 the three companies made to Rift Valley Railways (RVR), then a concessionaire of URC’s assets. The bond was co-insured between Old Mutual Insurance Uganda Ltd (40 per cent); Sanlam General Insurance Uganda Ltd (30 per cent) and Britam Insurance Uganda Ltd (30 per cent). …

Q&A: Uganda’s Insurance Industry is very solid; to withstand Covid-19 shocks — Insurance Regulator’s Alhaj Kaddunabbi

by Muhereza KyamuteteraQ + As The Big StoryAugust 24, 2020September 14, 2020

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,…

Prudential to cover Covid-19 expenses for its customers

by Muhereza KyamuteteraCompany News The Big StoryMarch 30, 2020

Prudential has today, March 30, 2020, announced a cash pay-out to its customers, should they, unfortunately, be diagnosed with Covid-19. This pay-out is intended to help their family manage expenses…