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
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A top insurance firm in Uganda is in trouble after senior agents started quitting and others stealing customers’ premiums (money paid by policy holders), Business Focus exclusively reports. ICEA (Insurance Company of East Africa) Life Assurance is the company under fire. A source privy to the rot at ICEA Life
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Saham Finances, the insurance giant founded by Moroccan businessman and current minister for trade and industry, Moulay Elalamy, has been fully acquired by South Africa’s biggest insurer, Sanlam, for $1 billion (about UShs3.6 trillion). According to a report by Reuters, Sanlam which has previously invested in Saham Finances and has
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Financial services group Britam is set to lay off 100 staff in a bid to cut costs. The firm said on Wednesday that it was implementing an early retirement plan mean to enable the firm “to remain agile, relevant and responsive to the changing market conditions.” Its financial advisors will
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Sanlam Uganda Monday announced that Uganda will be participating in the Sanlam Group Awards for Excellence in Financial Journalism. The awards have been recognising and rewarding exceptional business journalism since 1974. The awards aim to honour the indispensable role of the financial journalist in modern business life and the high
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dfcu customers and the general public can now purchase a wide range of insurance products including motor vehicle cover, fire and burglary, Child Education, goods in transit and so much more from dfcu Bank. This after the Insurance Regulatory Authority of Uganda granted dfcu Bank a license to offer bancassurance
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African Reinsurance Corporation ("Africa Re") announces its membership of Africa Finance Corporation ("AFC"), and becomes the first multi-lateral financial institution to invest in AFC. Africa Re, owned by 41 African states, approximately 107 insurance/reinsurance companies and non-African strategic investors, is the continent's premier reinsurance corporation, operating across 41 African countries.
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President Yoweri Museveni has said that a country’s human resource is greater than any natural resource and must be nurtured and protected. He said this coupled with the unity and stability of our nation is the best insurance for its people. The President was addressing the first Special Forces Command
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Uganda is such an interesting country where wonders never cease! On Tuesday, the leadership of Parliament decided to table a motion to pay tribute to Alhaj Ibrahim Kaddunabbi Lubega, the Insurance Regulatory Authority (IRA) Executive Director for being elected President of African Insurance Organisation. However, the decision to include this
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By Aloysious Kasoma Diamond Trust Bank Uganda has received a license from Insurance Regulatory Authority (IRA) to provide Bancassurance as a product on the Ugandan market. Bancassurance simply means the selling of insurance products and services by banks. Bancassurance takes effect in Uganda following the passing of the Financial Institutions
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