Gross underwritten premiums to plummet in 2020 THE INDEPENDENT | ISAAC KHISA | A surge in claims and management expenses saw Uganda’s nonlife insurance firms record 8% drop in profit to Shs17.93bn for the year ended Dec.2019. However, the industry executives said there is nothing to worry about since the …
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Kampala, Uganda | THE INDEPENDENT | Ugandans and businesses should be given a grace period of up 90-days in which to pay their insurance before they are rendered uncovered, the industry regulator Insurance Regulatory Authority has advised. In a letter to all insurance companies, IRA advises that a “grace period …
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Kampala, Uganda | THE INDEPENDENT | As most businesses scratch for options on how they will cover for losses incurred as a result of coronavirus disruption, it has emerged that insurance providers may not be a run to option. This according to several players in the industry is because COVID-19 …
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Kampala, Uganda | ISAAC KHISA | International Air Ambulance (IAA) Healthcare, a leading Health Membership Organisation in Uganda has announced that it will not cater for medical bills for any of its clients infected with coronavirus. This follows declaration of the disease as pandemic by the World Health Organisation. …
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Kampala, Uganda | THE INDEPENDENT | The Insurance Regulatory Authority CEO Ibrahim Lubega Kaddunabbi has said the industry is ripe for disruption as advances are made in the digital space especially in the insur-techs. He warned that insurance players should therefore ensure that there are constantly evolving their methods to …
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China starts lifting restrictions on foreign investment Beijing, China | AFP | China has started lifting major restrictions on foreign investment in its financial sector, a move long demanded by the United States as the world’s two biggest economies are locked in a fierce trade battle. From the start of …
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Kampala, Uganda | THE INDEPENDENT | Sanlam General Insurance Limited has sued Katuma Tours and Travel Limited for alleged failure to pay more than 55 million shillings for comprehensive insurance provided for their vehicles. Sanlam provided comprehensive insurance for the Travel company’s motor vehicles between 2017 and 2019. But the …
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➡ #NSSF Propsals on #NationalHealthInsuranceBill2019 ✳ Employers extra 1% contribution for health ✳ Employees extra 1% for health ✳ Total contributions move from 15% to 17% ✳ Money to build, stock & equip Health Centres ✳ New 1% charge on minimum wage of shs130,000 Kampala, Uganda | THE INDEPENDENT | …
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Ibrahim Kaddunabbi and Allan Mafabi IRA boss tips sector executives on managing scams that could haunt performance Kampala, Uganda | JULIUS BUSINGE | Insurance companies must put in place feasible policies to manage fraud that could easily jeopardize their good performance. This is the summary of what Ibrahim Kaddunabbi …
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INSURANCE AND MOBILE PHONES: Policymakers across the region need to implement policies and practices that stimulate growth Kampala, Uganda | ISAAC KHISA | The Sub-Saharan African region is set to be the hotbed for mobile phone services as the young population owns more devices in the next six years. …
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