Login
Subscribe
TodayThursday, April 30, 2026

Insurance Regulatory Authority- Page 2

IRA CEO Ibrahim Kaddunabbi Lubega says the rise in complaints tells a new story, not of failure, but of trust restored, voices amplified, and an industry finally listening.
IRA CEO Ibrahim Kaddunabbi Lubega says the rise in complaints tells a new story, not of failure, but of trust restored, voices amplified, and an industry finally listening.

Trust is the Currency of Insurance: IRA CEO Ibrahim Kaddunabbi on Rising Complaints, Digital Transformation, and Consumer Empowerment

Customer complaints in the insurance sector have more than doubled in just three years, from under 150 to over 350. But to Chief Executive Officer Ibrahim Kaddunabbi Lubega, this isn’t a crisis;
October 27, 2025
A photo collage of Joseph Nsubuga, an actuary turned executive, who is trying to change the outlook of insurance from being a distant, abstract, and mistrusted industry.
A photo collage of Joseph Nsubuga, an actuary turned executive, who is trying to change the outlook of insurance from being a distant, abstract, and mistrusted industry.

They Don’t Insure Their Own Assets: Inside Uganda’s Insurance Dilemma and Mirai’s Bet on the Future

In Uganda, where insurance penetration remains below 1% of GDP, at 0.883% in 2024, according to the Insurance Regulatory Authority (IRA), the sector sits in a paradox. On paper, it is growing:
October 22, 2025
Insurance Regulatory Authority chief executive officer Ibrahim Lubega Kaddunabi and other stakeholders cut the ribbon during the launch of the Insurance Training College certificate for insurance professionals recently.
Insurance Regulatory Authority chief executive officer Ibrahim Lubega Kaddunabi and other stakeholders cut the ribbon during the launch of the Insurance Training College certificate for insurance professionals recently.

Insurance Training College: A Rare Case of a Financially Disciplined State Enterprise, But Failing on Key Mandates

In a rare case of an efficiently managed public institution in Uganda, the Insurance Training College (ITC) emerges as an island of financial discipline in a sea of inefficient state enterprises. In
June 24, 2025
·
Ernest Barusya, the CEO, Kenbright Actuarial and Financial Services (KAFS). He says several market leaders have not invested in internal mechanisms to monitor and mitigate risks, thus, increasing their cost of insurance premiums.

Why business leaders must leverage insurance to drive sustainable production  

This year holds a promise of growth with more Ugandans taking on insurance, The sector, even as penetration remains under 1 percent, has been expanding in terms of premiums, supported by especially growth in health or medical and
March 11, 2025
·
Bank CEOs dominating Banccasurance sector. From top left: Absa Bank Acting MD David Wandera, Stanbic Bank new CEO Mumba Kalifungwa, Centenary Bank MD Fabian Kasi, Equity Bank MD Gift Soko, and dfcu Bank MD Charles Mudiwa.

Meet the Big Bankers Bossing the Bancassurance Sector

Beyond the conventional channels of writing insurance premiums, insurers have also built a new revenue stream of bancassurance through which they partner with banks to recruit new policyholders.  During the three months
March 4, 2025
··
IRA recently suspended the operating licence NIC Life Assurance Company Limited (NIC Life) due to the delayed appointment of Managing Director/Principal Officer

NIC Holdings speaks out on suspension of NIC Life Assurance Licence in Uganda 

NIC Holdings has come out to explain the suspension of the operating licence for NIC Life Assurance Company Limited (NIC Life). The Insurance Regulatory Authority – IRA recently suspended the operating licence
September 5, 2022
Dogo Singh Sherman, Stanbic Bank Uganda’s Manager for Bancassurance 2022 offers them another challenging opportunity to consolidate their position

Stanbic Bank retains 22% bancassurance market lead for 2021

Bancassurance contributed UGX103.5 billion to the UGX1.1 trillion Gross Written Premium (GWP) recorded by Uganda’s insurance sector in 2021 with Stanbic Bank accounting for 22 percent to consolidate its position as market
March 19, 2022
·
Left to Right - Sheila Sabune- Chief Commercial Officer, Prudential Uganda, Grace Amme, Marketing & Communications Manager, Prudential Uganda, Brenda Nagudi, Head Legal, Risk, Governance & Compliance, Prudential Uganda receiving the award for the Most innovative life product presented by Alhaj Kaddunabbi Ibrahim Lubega, the Chief Executive Officer, Insurance Regulatory Authority ( Left) at the Insurance Innovation Awards organised by the Insurance Regulatory Authority of Uganda.

Probably Uganda’s most innovative insurer—Prudential Uganda wins 3 awards at regulator’s 2021 Insurance Innovation Awards

Prudential Uganda has won three awards; the Most Innovative Life Insurance Product, Most Innovative Insurance Agent and the Overall Judges’ Special Award in the second edition of the Insurance Innovation Awards organised
March 16, 2022
··
Mercy Sande Ainomugisha (centre), Chief Executive Officer, VisionFund Uganda, said, the launch of VisionFund Cares is in line with VisionFund’s 2022/2024 strategy that seeks to sustainably impact over 300,000 children in rural and vulnerable communities in Uganda through offering client solutions that go beyond credit. PHOTO/Courtesy

VisionFund Uganda partners with Insurtech Turaco to provide affordable and inclusive insurance for its 40,000 Ugandan customers

VisionFund Uganda and Turaco Insurance Brokers Limited (T/A Turaco) are proud to officially announce the launch of their partnership with a microinsurance product called “VisionFund Cares”. The product offering, available to over 40,000 VisionFund
March 4, 2022
··
1 2 3

 

error: Content is protected !!