Fewer complaints and stronger consumer protections signals growing trust in the industry going forward, players say Kampala, Uganda | JULIUS BUSINGE | The Insurance Appeals Tribunal (IAT) has revealed that its rulings over the past three years are already shaping reforms and practices in Uganda’s insurance industry, fostering greater transparency …
Read More »Small insurance firms urged to merge or sell
Kampala, Uganda | THE INDEPENDENT | The Insurance Regulatory Authority has advised smaller companies to merge with others so as to make the insurance industry stronger and better. Uganda today has eight life insurance companies and 10 non-life insurance providers licensed, and these recorded a total of sh1.76 trillion in …
Read More »Silent ‘War’ as banks take insurance broker’s profits
Kampala, Uganda | THE INDEPENDENT | Commercial banks’ written premiums from insurance are on steady increase hardly three years after the banking law allowed banks to distribute insurance. The Insurance Regulatory Authority says the insurance premiums from Bancassurance now stand at slightly above twenty-six billion Shillings from zero in August 2017 …
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