Prof. Augustus Nuwagaba, the Deputy Governor of the Bank of Uganda, Uganda's Insurance Industry has been advised to focus on cheap and convenient means of payment for services to boost penetration. Prof. Augustus Nuwagaba, the Deputy Governor of the Bank of Uganda, says all industries today are innovating in payments,
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Equity Bank Managing Director, Gift Shoko (2nd left) and Joseph Alimeida (2nd Right), Managing Director Liberty Life Assurance are joined by other officials at the launch of Equi-Life. Customers on the cover will pay UGX3000 per month, securing coverage of UGX50,000 per day for up to 20 days of hospitalization.
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Fabian Kasi, the Managing Director at Centenary Bank and former chairman Uganda Bankers Association/Courtesy Photo The Insurance Industry has been growing at about 10 percent per annum in terms of Gross Written Premium, a rate analysts call commendable, but penetration remains at a low 0.8 percent. This is among the
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Haji Ibrahim Kaddunabbi Lubega, the IRA Chief Executive Officer Uganda's insurance industry grew 11 percent in 2023, in terms of Gross Written Premiums. Overall, GWPs, which refers to the total value of insurance policies that clients bought during the period, grew from 1.44 Trillion shillings in 2022 to 1.6 Trillion
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Shakira Shamim Mujuni, the Chief Executive Operations of GA Insurance Uganda In a bid to enhance road safety and provide adequate protection for vehicle owners, GA Insurance Uganda is excited to announce the launch of its latest insurance product – the Standard Motor Comprehensive Upgrade. The unveiling took place at
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In the lively city of Kampala - Uganda, people eagerly flock to car dealerships each month to fulfill their dream of owning a new car. The city streets burst with colorful vehicles of all kinds. However, many new car owners forget about the expenses of keeping their cars running smoothly.
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Sanlam, Africa’s largest non-banking financial services provider, and Allianz, one of the global insurance and financial services leaders have got approvals from regulators to merge their operations in 27 African countries including Uganda. The two have announced that they have received regulatory approvals for the joint venture that will create
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Robert Muhiire, the Principal Officer - Bancassurance at dfcu Bank dfcu Bank recently launched a Bancassurance campaign dubbed ‘Cover with Us’. We spoke with Robert Muhiire, dfcu’s Principal Officer – Bancassurance about the new campaign and the overall value of insurance to individuals, families, and businesses. Can you please give us an
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Robert Muhiire, Principal Officer - Bancassurance - dfcu Bank According to the Insurance Regulatory Authority (IRA), the insurance sector has been steadily growing at annual average rate of about 15%. In 2022 the sector grew by 20%, a sign that there is an increase in insurance uptake. However, this growth
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IRA Chief Executive Officer, Ibrahim Kaddunabbi Lubega The insurance industry has declared the direct effects of the COVID-19 pandemic on the business behind them, following sustained growth in premiums raises and claims paid. According to the figures, the industry remained on a positive growth path in 2022, with Gross Written
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