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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(L-R): Susan Namulinda (Senior Premium Administrator), Justine Tabu Mukasa (client/beneficiary), Doreen Muhangizi Asasira (Head, HR) and (Ag.) CEO Nicholas Lutakome at the Sanlam Life Head Office in Bugolobi on 4/6/20, as Sanlam Life announced a Shs475 million cash back to its Individual Life Clients. Sanlam Uganda is set to pay
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By Evelyn Atim The world has suddenly woken up to the fact that our greatest strength - our interconnectedness is currently working against us. As of 15thApril 2020, the number of confirmed infections of the novel coronavirus worldwide was approaching the 2m mark and death toll tops 120,000. Worldwide, the
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Four years since Bancassurance was first introduced in Uganda, experts say the concept is gaining ground and soon every bank customer will also have a life insurance cover attached to their account. Bancassurance is the selling and distribution of insurance products through banks. Commercial Banks are adopting it because selling
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Riek Machar took the oath of office in front of President Salva Kiir (l) and Chief Justice Chan Reech Madut Former South Sudanese rebel leader Riek Machar has been sworn in as first vice-president, sealing a peace deal aimed at ending six years of civil war. President Salva Kiir witnessed
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