Alhaj Kaddunabbi Ibrahim Lubega has been the Chief Executive Officer of the Insurance Regulatory Authority (IRA) since 2010. Under his leadership, the industry has undergone, unprecedented and robust growth. Non-life insurance has grown by 164% from UGX216 billion in premiums in 2010 to UGX570 billion as at the end of 2018. Life Insurance has grown by 9 times, from UGX24 billion in 2010 to UGX217 billion at the end of 2018- a growth of 804%. In total, industry premiums, including Health Membership Organizations (HMOs) and micro insurance, have grown by 257% from UGX240 billion in 2010 to UGX856 billion. As…
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