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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Prudential Insurance has taken a step to equip Ugandans with vital knowledge on how to deal with Non-Communicable Diseases (NCDs). A non-communicable disease (NCD) is a disease that is not transmissible directly from one person to another. NCDs include Parkinson's disease, autoimmune diseases, strokes, most heart diseases, most cancers, diabetes,
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Over 1000 I.T students from Universities all over Uganda have registered to take part in the global Huawei ICT competition registration that happened in October. Through presentations by Huawei made to students in Makerere, Kyambogo, Mbarara University of Science and Technology, Nkozi, Mbarara, Kabale, Lira, Gulu, Muni, UCU and MUBS
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After unveiling a new Uganda Inspire Initiative, an umbrella corporate social responsibility (CSR) program, Sanlam Life Insurance has launched an education scholarship initiative dubbed “Better life campaign” aimed at top performers of Primary Leaving Examination (PLE) who will have an opportunity to receive scholarship to continue their studies in Ordinary
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The National Water and Sewerage Corporation (NWSC) has revealed plans of setting up own Insurance and Investment Company, with the purpose of saving and borrowing the money from the company at a time of need to facilitate expansion of their services. Dr. Eng. Silver Mugisha, the Managing Director at NWSC
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