IRA Chief Executive Officer, Kaddunabbi Ibrahim Lubega The regulations that will guide the establishment of Takaful, the kind of insurance that employs Islamic principles for members to contribute money into a pool system to guarantee each other against loss or damage have been submitted to the Ministry of Finance for
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State Minister for Health, Robinah Nabbanja Parliament has unanimously rejected a move by government to withdraw the National Health Insurance Bill, 2019.Robinah Nabbanja, the State Minister for Health announced that the government was withdrawing the bill, moments after the Speaker of Parliament Rebecca Kadaga called for its second reading this
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After the digital session held in December on the topic of “Vaccine Economics, Trade, China and Growth in Africa” with Ludovic Subran, Chief Economist at Allianz SE, Allianz Africa Wednesday held a second webinar on “The Digitization of Agriculture Insurance Through Parametric Solutions” in partnership with Allianz Re. As Allianz
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Minister of state for finance (General Duties), Gabriel Ajedra Aridru (L) hands over the award to Steven Adrapi, Head of Sales and Marketing at ICEA General Insurance Co and Gabriel Kuria (R) CEO ICEA General Insurance.. The Insurance Regulatory Authority Chief Executive Officer, Ibrahim Kaddunabbi Lubega has given a positive
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Bryan Toshi Bwana, the CEO Global Consulting Services illustrating the need for the insurance sector to innovate or perish during the awards gala Insurers have been urged to innovate if they are to remain relevant and in business. The call was made by Bryan Toshi Bwana, the Chief Executive Officer
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Michael Mugabi (R), the Managing Director of Housing Finance Bank receiving the award Housing Finance Bank has been named the most innovative bancassurance agent for the year 2020 at the inaugural Annual Insurance innovation awards held at Serena Hotel Kampala on December 18, 2020. Receiving the accolade, Michael Mugabi, the
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Four years since Bancassurance was first introduced in Uganda as part of the amendments to the Financials Institutions Act 2014, experts say the concept is gaining ground and is expected to greatly impact Insurance penetration. Bancassurance is the selling and distribution of insurance products through banks. Commercial Banks are adopting
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IRA boss Ibrahim Kaddunabbi Lubega The Insurance Regulatory Authority (IRA) has announced the inaugural Insurance Innovation Awards aimed at recognizing the role innovation plays in advancing the insurance sector in Uganda. The IRA CEO, Alhaji Ibrahim Kaddunabbi Lubega while announcing the awards Wednesday in a Zoom press conference said that
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Josephine Mutabuza, Absa Bank Uganda’s Head of Bancassurance Bancassurance is booming and is expected to increase Uganda’s insurance penetrations that remains below 1% as banks increasingly sell insurance products to their customers. Bancassurance is a simple term coined by combining two words, bank and insurance. Commercial Banks are adopting it
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Emmanuel Mwaka, the Chief Executive Officer of ICEA Life Assurance Company Limited (Left) & Nicholas Lutakome, Acting Chief Executive Officer of Sanlam Life Insurance Uganda Limited (Right) Although the insurance sector in Uganda continues to register impressive growth, it is widely agreed that a lot still needs to be done
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