UAP Old Mutual Insurance Uganda Limited is currently working closely and cooperating with The Insurance Regulatory Authority of Uganda (IRA) to resolve its licence status to underwrite performance bonds, the company has said. According to a statement released by the company’s Managing Director, Stephen Chikovore, UAP has been licenced under the relevant insurance laws to underwrite performance bonds amongst other insurance lines of business since 1971 and has adhered to all local laws and regulations governing the insurance industry as stipulated by the government and IRA and will continue to do so. This came after the Insurance Authority issued a…
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By Alhaj Kaddunabbi Ibrahim Lubega In June 2019, the National Health Insurance Scheme (NHIS) bill was approved by Cabinet and subsequently tabled before Parliament. The bill was referred to the Parliament’s Health Committee for scrutiny. In its consultative process, the Health Committee Chaired by Hon. Dr. Michael Bukenya received a number of views from various stakeholders. As a critical stakeholder representing the views of the Insurance Sector, the Insurance Regulatory Authority of Uganda advised that an immediate actuarial study should be carried out to determine the contributory rates for employees, employers and those in the informal sector under the NHIS….
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