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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SMART ACCESS app officials officially unveiling the new app A new digital innovation to assist clients, health facilities and insurance companies access information concurrently has been launched in Uganda. The new technology dubbed SMART ACCESS app, will be easier for patients to search and locate the nearest medical providers at the click of
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The Uganda Insurers Association held the Insurance Agents Awards on 27th April 2023 at Hotel Africana under the theme “Celebrating the Role of an agent in the insurance cycle.” In his speech, Jonan Kisakye the Chief Executive Officer of Uganda Insurers’ Association (UIA) opened the function by welcoming the the Guest of Honor, CEO, Insurance Regulatory
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The evening of April 6, 2023 saw UAP Old Mutual host her Moslem clientele to an Iftar dinner at Hotel Africana in Kampala. The dinner held under the theme breeding brotherhood during the Holy month was graced by the Managing Director UAP Old Mutual Life Assurance, Patrick Kimathi and the Managing
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UAP Old Mutual Financial Services recognized and rewarded its best performing agents for the year 2022. This was during a Financial Wellness Workshop that was designed to equip the agents with financial literacy skills and knowledge to help them make better financial decisions for themselves and their clients. The workshop
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Dogo Singh, the Principal Insurance Officer of Stanbic Bank At one percent, insurance penetration in Uganda remains low, but products like bancassurance, are steadily improving public perception about the advantages of being insured and Stanbic Bank continues to hold a leading position in the market. Bancassurance is a partnership that
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The employment environment is constantly evolving, with new technologies, global competition, and changing consumer preferences altering the way companies operate. As a result, organizations must prioritize Human Capital risk management (HCRM) to ensure they have the necessary talent to compete and succeed in the market. The Society for Human resource Management (SHRM)
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Bodaboda operators in Uganda have faulted the insurance industry for not taking care of their challenges to the extent that they see insurance as a money-making venture for the companies. They specifically question why they are forced to pay for third-party insurance yet when they are involved in accidents, the
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Players in the insurance sector pose for a picture during the official launch IRA InsureX Program at Innovation Village The advent of digital technology and innovation across the different sectors of the economy to enhance efficiency, service delivery and facilitate easy access or absorption of products through a controlled environment
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