Insurance

Business

Luxury perception stalls insurance growth, operators say

Moses Ndhaye | August 28, 2024

Insurance operators have singled out barriers that continue to jeopardize the country’s effort to increase insurance penetration in Uganda and the region at large. Mr Dan Musiime, the Chief Executive Officer of Jubilee Health Insurance says perceiving insurance as a luxury to be enjoyed by a few members of society […]

News

Prioritise micro-insurance to poor communities – Govt

Moses Ndhaye | July 14, 2023

Insurance companies have been asked to partner with financial institutions to promote Insurance uptake in the country. Insurance penetration in Uganda has remained at below 1% for years partly because of the perception within the public domain that insurance players do not easily pay or compensate policyholders when losses occur. […]

News

Insurance companies abolish physical cards in fraud fight

Damali Mukhaye | May 17, 2023

Insurance companies in Uganda have moved to end fraud in the medical sector by abolishing the use of physical cards to access services in various hospitals across the country. Speaking at the Smart Access launch in Kampala, the Chief Executive Officer of Uganda Insurance Association, Jonan kisakye, insurance companies have […]

Business

Improved marketing driving insurance sector – IRA

Moses Ndhaye | December 19, 2022

The Insurance Regulatory Authority (IRA) says the current improvement in the market conduct while selling insurance-related products will spur the growth of the sector come 2023. The Chief Executive Officer for the Insurance Regulatory Authority, Alhaji Kaddunabbi Ibrahim Lubega noted that there is a tremendous improvement in terms of growth […]