The death toll from a landslide in Uganda last week has risen to 43 and displaced residents deemed most at risk in the disaster-prone region will be resettled immediately, the government said on Tuesday. Torrential rains unleashed a deluge of boulders, mud and water down Mount Elgon near the border
Read More
Insurance has been called the “ugly duckling” of the financial services industry. Nobody seems to understand what it is about. We seem to have sat in one meeting and agreed that insurers are “thieves”. I have come across many people who think third party liability for motorised vehicles is a
Read More
The opportunities for growth in Africa’s insurance industry are huge despite recent economic and political uncertainty. The insurance industry has done well to adapt to continuous disruption, with technological advances now considered the most important global trend disrupting the industry. Despite the additional pressures of unrelenting regulatory and insurance accounting
Read More
Patients using insurance cards in Kenya are charged up to 50 times more than those paying in cash for the same procedure at the same hospital, reports Business Daily. The highly exaggerated cost of healthcare by health service providers when they bill patients with insurance cards is a cause for
Read More
By Martha Aheebwa Insurance remains one of the most misunderstood (miscommunicated) products in Uganda. A few years back, my insurance mind would have argued it’s because insurance is highly technical. But as I have come face to face with our economy, and talked to several people, I have had to
Read More
Uganda becomes the first African country to sign an agreement with the Regional Liquidity Support Facility (RLSF), a joint initiative of the African Trade Insurance Agency (ATI), a Pan-African and multilateral guarantor and KfW with funding from German Ministry of Economic Cooperation and Development. Under the program, RLSF will offer
Read More
A section of Members of Parliament have started collecting 154 signatures from fellow legislators in a bid to recall Parliament from recess over the Social Media and Mobile Money tax. The MPs who include Ntungamo Municipality, MP Gerald Karuhanga, Soroti Municipality MP, Herbert Ariko, Kyadondo East MP, Robert Kyagulanyi and
Read More
aYo Uganda has hit one million customers in less than 2 years of existence in Uganda. With a joint venture between MTN and MMI Holdings, aYo was formulated to have a strong focus on delivering micro-insurance solutions across the African continent. While addressing the media at kati- kati Restaurant on
Read More
By Aloysious Kasoma Jubilee Insurance Firm has partnered with Afrisafe Risk Consultants Uganda Ltd to minimize the hurdles involved in processing Motor 3rd Party services. The service will now be accessed on mobile phones. Dubbed 3Rd Party ‘Ku Ssimu’, the new innovation is aimed simplifying the process for all the
Read More
By Aloysious Kasoma The Uganda Insurers Association (UIA) leadership is optimistic that Uganda’s insurance penetration will pick up soon as more people appreciate the role of insurance. The umbrella organization for all the insurance companies in Uganda embarked on efforts to create awareness and encourage uptake of Life insurance in
Read More