The insurance industry recorded Shs1.6trillion in premiums last year but motor third party accounted for only one percent Kampala, Uganda | THE INDEPENDENT | Insurance sector leaders are calling on the government to implement measures ensuring that all motorists secure mandatory motor third-party insurance, aimed at safeguarding road accident victims. Speaking …
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Embrace sustainable practices not just for today’s bottom line, but as a strategic investment Kampala, Uganda | JULIUS BUSINGE | Insurance players have been urged to embrace the aspect of sustainability in their operations to positively impact communities, the environment, and related fields in their business. “In the realm of insurance, …
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Kampala, Uganda | THE INDEPENDENT | Executives from Uganda’s insurers have reaffirmed their commitment to working together to advance and expand the insurance industry. This collective dedication to industry growth was underscored during the CEOs Breakfast Meeting hosted by the Uganda Insurers Association (UIA) at Serena Hotel in Kampala. …
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The regulator’s focus is on expanding its customer base and increasing average spending in the insurance sector Kampala, Uganda | JULIUS BUSINGE | Uganda’s insurance sector has shown steady growth, with underwritten premiums increasing from Shs 711.6 billion in the second quarter of 2022 to Shs 828.9 billion in the second …
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Kampala, Uganda | THE INDEPENDENT | Uganda’s medical insurers could soon stop printing medical insurance cards following the launch of a cardless solution. Kenyan-based Smart Applications International Ltd, commonly known as Smart, launched a mobile application dubbed Smart Access solution in Kampala on May.17 to enable patients to access healthcare insurance …
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Kampala, Uganda | THE INDEPENDENT | For most people, knowing that they have medical insurance cover means they can receive treatment whenever they fall sick. This in turn has greatly affected their efforts to live a better life by eating healthy and exercising regularly. This, according to stakeholders in the insurance …
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London, UK | THE INDEPENDENT | The Co-Financing, Syndications and Client Solutions department of the African Development Bank Group has met with London-based insurers to galvanize continued support of the Bank’s balance sheet optimization and mobilization ambitions, in line with its 2023 lending program. The Bank held an investor relationship …
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Kampala, Uganda | THE INDEPENDENT | The oil and gas companies snubbed Uganda’s insurance industry when importing drilling equipment, which would have raised premiums worth more than one trillion shillings, according to a claim. Specifically, they point at the four drilling rigs that have so far been shipped into the country, …
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Kampala, Uganda | THE INDEPENDENT | Over 50 local insurers have received training on how to address risks related to Uganda’s nascent oil and gas sector. The training was conducted by Insurance Broker Minet Uganda Limited, together with its correspondent partner in the United Kingdom, AON. Uganda has six billion …
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Kampala, Uganda | THE INDEPENDENT | In China, health insurance companies apparently offer discounts to people who can prove they get enough exercise every day by using their mobile phones to monitor their movement. Only instead of actually going for walks, some people use ingenious perpetuum mobile devices (Perpetual Motion mobile …
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