Tag Archives: Insurance

Survey shows regional institutional investor base expanding due to favourable demographics Africa Renewel | JOHN SCHELLHASE | Capital markets, where money from savers is put into long-term investments, can contribute significantly to socio-economic development if they invest in productive projects and enterprises. But small size and market illiquidity can undercut …

  Arjun Malik is the chief executive officer of the London-based Prudential Assurance Uganda Ltd. He spoke to The Independent’s Ian Katusiime about the country’s insurance industry and the company’s performance so far. Walk us through your management ethos as CEO I don’t believe in micro-managing people. I like making …

NSSF widens pension coverage with new saving plan  Kampala, Uganda | JULIUS BUSINGE |  The National Social Security Fund has unveiled a voluntary membership plan that will provide employers and workers that are not compelled by the mandatory provisions of the NSSF Act the opportunity to voluntarily save for their retirement Interested …

Uganda plans to set up a National Health Insurance Scheme subject to passing of the National Health Insurance Bill 2007. In a speech read by the Vice President Edward Ssekandi at the just ended 44th Africa Insurance Organisation meeting at Speke Resort Munyonyo last week, President Yoweri Museveni said financing the …

African insurance regulators, CEOs and experts share views at high profile meeting in Dakar, Senegal For years now, digital advances have been transforming a range of industries. The insurance industry especially in Africa has generally been slow to adopt new digital approaches, but times are now changing. This shift is …

Isaac Khisa of The Independent magazine emerged as one of the winners of the 2017 Pan-African Re Insurance Journalism awards for a story about the insurance industry. Khisa was last week awarded Best Re/Insurance Industry Analysis and Commentary for his article “Insurance industry tops Shs700bn”. The award winners were announced at …

London, United Kingdom | AFP | Lloyd’s of London’s decision to open a European subsidiary was inevitable following the trigger of Brexit, with the only difficult choice being its location, chief executive Inga Beale told AFP Thursday. Lloyd’s, which insures against catastrophes such as earthquakes, shipwrecks and revolutions, announced it …

VIDEO: Whereas insurance penetration in Uganda remains low at 0.85 percent, insurance companies say there are some products of insurance that should be looked at as a must have such as life insurance. Arjun Malik the Chief Executive officer at Prudential insurance says there is nothing that gives a family a …

The South African company is projected to boost the country’s insurance penetration that now standing at 0.86%, the lowest in the region Low income earners, who often forgo insurance due to the expense, now have an affordable option that they could consider. South Africa-based insurance company, Metropolitan & Momentum International …

CIC Insurance Group seeks Shs7.25billion in share offer to fund expansion Regional insurance firm, CIC Africa Insurance holds just 0.01% of Uganda’s insurance business but it has signaled its determination to change that with plans offer shares to selected Ugandan cooperatives and Savings and Credit Cooperative Societies (SACCOS). The plan …