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EXPOSED: Rot At Top Insurance Firm As Agents ‘Eat’ Clients’ Cash

A top insurance firm in Uganda is in trouble after senior agents started quitting and others stealing customers’ premiums (money paid by policy holders), Business Focus exclusively reports. ICEA (Insurance Company of East Africa) Life Assurance is the company under fire. A source privy to the rot at ICEA Life Assurance reveals

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African Reinsurance Joins Africa Finance Corporation

African Reinsurance Corporation ("Africa Re") announces its membership of Africa Finance Corporation ("AFC"), and becomes the first multi-lateral financial institution to invest in AFC. Africa Re, owned by 41 African states, approximately 107 insurance/reinsurance companies and non-African strategic investors, is the continent's premier reinsurance corporation, operating across 41 African countries. Africa Re's

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Diamond Trust Bank Gets License To Sell Insurance Products

By Aloysious Kasoma Diamond Trust Bank Uganda has received a license from Insurance Regulatory Authority (IRA) to provide Bancassurance as a product on the Ugandan market. Bancassurance simply means the selling of insurance products and services by banks. Bancassurance takes effect in Uganda following the passing of the Financial Institutions Amendment Bill 2016

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