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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 Sector Players Licensed for 2015.

All insurance players in Uganda are required to be licensed by the Insurance Regulatory Authority annually before transacting any insurance business..  

The Insurance Regulatory Authority of Uganda has licensed firms that will transact insurance business in the year 2015 with 07 new companies entering the market.

A total of 30 insurance companies have been licensed out of which 21 are non-life insurers, 08 life insurers and 01 reinsurance company. The Authority also licensed 12 Health Membership Organizations, one reinsurance broker, 27 insurance brokerage firms and 18 Loss assessors/Adjustors. Read more.

NCHE to accredit programs run by The Insurance Institute of Uganda.

Mr. Elvis Khisa the Chief Executive Officer of the Insurance Institute of Uganda interacts with Mr. Francis Ssempero of Five star Insurance services Limited, after making a presentation at the CEO's breakfast meeting.  

The National Council for Higher Education (NCHE) is set to accredit training programs of the Insurance Institute of Uganda (IIU), insurance stakeholders have been told.

During the Insurance Industry Chief Executive Officer’s breakfast meeting at Sheraton Hotel on Thursday, Mr. Elvis Khisa the CEO of the Insurance Institute of Uganda said, “Accreditation of the institute programs with NCHE has been a challenge since the institute could not roll out any programs before the authorization from the Council.” Read more.

Regulations  for Health Insurance Providers have been proposed.

The IRA Chief Executive Officer- Alhaj Kaddunabbi Ibrahim Lubega interacting with the press at the consultative workshop on proposed Regulations for Health Membership Organisations (HMOs) and Micro-Insurance.  

The Insurance Regulatory Authority of Uganda has proposed regulations for Health Membership Organizations (HMOs), Health Insurance Organizations (HIOs) and Micro insurance (MI).   

In the year 2014, the Authority licensed 13 Health Membership Organization (Facility-based Membership Organisations providing medical insurance).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