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Insurance Regulatory Authority of Uganda
The Insurance Regulatory Authority of Uganda (IRA) was established under section 14 of the Insurance Statute 1996 now The Insurance Act,(Chap213) Laws of Uganda, 2000(Insurance Act)which came into effect on 4th April 1996 and commenced operations in April 1997

The main object of the Authority is to ensure the effective administration, supervision, regulation and control of the business of Insurance in Uganda.

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Our Key Functions
The Objective of the Authority is to ensure the effective administration, supervision, regulation  and control of the business of Insurance in Uganda.
 
  • establish standards for the conduct of insurance and reinsurance business;
  • license all persons involved in or connected with insurance business, including insurance and reinsurance companies, insurance and reinsurance intermediaries, loss adjusters and assessors, risk inspectors and valuers;
  • approve texts of policies proposal forms;
  • approve minimum rates of insurance premiums and maximum commissions in
    respect of all classes of insurance;
  • safeguard the rights of insurance policyholders and insurance beneficiaries to any insurance contract;
  • provide a bureau to which complaints may be submitted by members of the public;
  • advise the Government on adequate insurance protection and security for national
    assets and national properties;
  • promote a sound and efficient insurance market in the country;
  • supervise and control transactions between insurers and re-insurers;
  • ensure strict compliance with this Act and regulations made under it and any
    other law relating to insurance; and
  • undertake other functions as the Minister may designate.
Insurance Act set for overhaul...

The Insurance Regulatory Authority of Uganda Director Legal and Compliance Mrs. Evelyn Nkalubo Muwemba making a point at the draft Insurance Bill stakeholders’ consultative workshop at Hotel Africana recently, as Richard Carpenter listens.

The Insurance Regulatory Authority of Uganda (IRA) is in the process of overhauling the Insurance Act to bring it in line with the international best practices.

The current Insurance Act (Cap 213) which came into force in 1996 and amended in 2011, is compliance based and does not address corporate governance or risk management obligations on insurance companies.Read more..

Insurers ready for the oil and gas business..

The Chairman of the Oil and Gas pool committee and CEO of GoldStar Insurance Company, Mr. Azim Tharani (middle), interacting with Ms. Irene Kego, the CEO Padre Pio Insurance Brokerage company and Mr. Zefania Dube, CEO of GoldStar Life Assurance Company. 

Insurance companies in Uganda are ready to locally provide insurance cover for the oil and gas risks. The insurers have set July 2015 to have the oil and gas pool operational.

While addressing the CEO’s breakfast meeting at Sheraton Hotel in Kampala on 26th March 2015, the chairman of the Oil and Gas committee (Uganda Insurers Association), Mr. Azim Tharani, said that, the pool  is targeting a minimum capital of Shs3b ($1M) as total contributions from participating insurers.Read more.

Hoima residents urged on Insurance..

The Insurance Regulatory Authority of Uganda, Chief Executive Officer Alhaj Kaddunabbi Ibrahim Lubega, sharing ideas with the Hoima district Officer-in-Charge of Traffic, Mr. Alex Muhoozi, during a sensitization meeting at Hoima Taxi Park on 27th March 2015. 

The Insurance Regulatory Authority of Uganda (IRA) embarked on a public awareness drive in Hoima district on the benefits of insurance and functionality of the Authority.

During the week long exercise (23rd-27th March 2015), the IRA team led by the Chief Executive Officer Alhaj Kaddunabi Ibrahim Lubega, interacted with motorists particularly on the compulsory Motor Third Party Insurance cover, students from higher learning institutions on career opportunities in the insurance sector and the business community on the risks they encounter and how taking up insurance policies mitigates such risks.Read More.. 

 
 
See a list of licensed Players;

Important Links
 
Our Contacts
Address:
Plot5,Kyadondo Road, Nakasero. Legacy Towers, Block B, 2nd Floor.
Kampala 22855 - Uganda
 
E-mail: ira@ira.go.ug
Telephone: 0312-266364/ 0414-346712 / 041-4253564
Fax: 256 414 349260
http://www.ira.go.ug
 
Information Center
 

Employee of the Month


 
To Make a Complaint, Click Here or Call Toll Free 0800 124 124
Complaints Bureau
 
About the Bureau
The Authority set up a Complaints Bureau in 1998 as per Section 15(f) of the Insurance Act to handle complaits against Insurance players. The public is urged to always lodge complaints with the Bureau for prompt settlement to complaints and avoidance of lengthy and costly Court cases
For complaints / Suggestions
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Telephone Number
Insurers
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Insurance Players
Regulations
Licenced Insurance Brokers
Licenced Loss Adjusters
Licenced Insurance Companies
HMOs
Licenced Agents
Insurance Regulations 2002
HMOs Regulations
Investment Regulations of Paidup Capital

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