After recording an impressive growth of 42% in business and 58% in assets in 2018, Sanlam Life insurance has offered a bonus of 8% to its policy holders. The Sanlam Life Chief Executive Officer, John Lintari attributed the growth to increased awareness in the market for life insurance and the
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Uganda's Chief Justice, Bart Katureebe has apologized for the delayed judgment of the consolidated age limit appeals. Katureebe issued the apology this morning ahead of the Supreme Court Judgment the appeals, which are challenging the scrapping of the constitutional presidential age limit. In his opening remarks, Justice Katureebe attributed the
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In a bid to respond to the national need of safe blood, Goldstar Insurance has partnered with Nakasero Blood Bank to rally Ugandans donate blood. The blood donation drive is slated for 29th March 2019 at City Square starting from morning up to evening hours at raising Uganda’s blood units.
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dfcu Bank in partnership with MAC East Africa Limited and ICEA (Insurance Company of East Africa) have today launched an Asset financing campaign that will see customers purchase the latest Isuzu mu-X 2018 at a special offer price. The current market price for the luxury SUV is $60,000 but for
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The death toll from a landslide in Uganda last week has risen to 43 and displaced residents deemed most at risk in the disaster-prone region will be resettled immediately, the government said on Tuesday. Torrential rains unleashed a deluge of boulders, mud and water down Mount Elgon near the border
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Insurance has been called the “ugly duckling” of the financial services industry. Nobody seems to understand what it is about. We seem to have sat in one meeting and agreed that insurers are “thieves”. I have come across many people who think third party liability for motorised vehicles is a
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The opportunities for growth in Africa’s insurance industry are huge despite recent economic and political uncertainty. The insurance industry has done well to adapt to continuous disruption, with technological advances now considered the most important global trend disrupting the industry. Despite the additional pressures of unrelenting regulatory and insurance accounting
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Patients using insurance cards in Kenya are charged up to 50 times more than those paying in cash for the same procedure at the same hospital, reports Business Daily. The highly exaggerated cost of healthcare by health service providers when they bill patients with insurance cards is a cause for
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By Martha Aheebwa Insurance remains one of the most misunderstood (miscommunicated) products in Uganda. A few years back, my insurance mind would have argued it’s because insurance is highly technical. But as I have come face to face with our economy, and talked to several people, I have had to
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Uganda becomes the first African country to sign an agreement with the Regional Liquidity Support Facility (RLSF), a joint initiative of the African Trade Insurance Agency (ATI), a Pan-African and multilateral guarantor and KfW with funding from German Ministry of Economic Cooperation and Development. Under the program, RLSF will offer
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