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 Authority (IRA) who was represented by Bernard Obel the Director Supervision at IRA; Managing Directors present and all insurance agents in attendance.
He noted that the way the awards are organised has been changed to suit improving performance of insurance agents by giving the agents a platform to share feedback through the Insurance agents’ convention that took place earlier in the day. He further explained that the Association is happy to have the agents, recognize and have them as witnesses of the best performers in the industry.
In 2023, the association felt it necessary to grow the awards to a major calendar event in Uganda’s Insurance industry. The UIA board agreed to embark on a journey that expanded the awards, a move which saw a new category Motor third party which makes 70% of the Associations’ income introduced.
Mr Emmanuel Mwaka, the Chairman, Life and Pensions Committee of UIA noted that the agent’s role is crucial as a distribution channel of insurance business. He appreciated the agents as they are the reason the awards take place.
Speaking on behalf of the Guest of Honor, Mr. Bernard Opel pointed out the need for more technological innovation to drive uptake of insurance in Uganda. He further noted that Persistence is very key in this industry that is why the awards have a category that is particularly catering to it.’ He encouraged the insurers to maintain a positive attitude in the market which will also require them to do personal evaluation on their day-to-day deliverables.
The awards has 6 categories which include; Agent of the year award, Best New agent award, Persistency award, Written premium award, Number of policies and Motor third party award
Award Winners accompanied by MD, Patrick Kimathi (2nd right) and Head of Distribution, Stephen Lubowa at Hotel Africana
UAP Old Mutual Group walked away with 9 awards; one from each category. They include:
- Best New agent – Rashid Kizito
- 3rdrunner up Highest Premium written – Justine Namugosa
- 1strunner up Highest premium written – Lydia Musimiire
- 4thrunner up highest number of policies written – Judith Kakuze
- 2ndrunner up Persistence award – Phillip Kasule
- 1strunner up Persistency award – Justin Namugosa
- 4thrunner up Motor third party award (Northern Region)- Denis Pele.
- 2nd runner up Motor third Party award (Western Uganda) – Sarah Nayera
- 2ndRunner up Agent of the year award – Lydia Musiimire.
UAP Old Mutual is proud to have the winning team in Uganda’s Insurance industry and is committed to taking her products and services to better the daily lives of all Ugandans.