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Plot5,Kyadondo Road, Nakasero. Legacy Towers, Block B, 2nd Floor.
Kampala 22855 - Uganda
E-mail: [email protected]
Telephone: 0312-266364/ 0414-346712 / 041-4253564
Fax: 256 414 349260

IRA to enforce 'no premium no cover' rule  starting 2019..

IRA's Chief Executive Officer Alhaj Kaddunabbi Ibrahim Lubega, and Mr. Joseph Ndiho, the CEO of NEON Insurance Brokers sharing updates on the Online Motor Third Party payment platform starting next year.

The Insurance Regulatory Authority of Uganda will start online licensing of Insurance Brokers, Bancassurance Agents and Loss Assessors in 2019 and perpetual licensing of Insurance Companies in 2020.

Section 44 (2) of the Insurance Act, No. 6 of 2017 (Act), requires that an insurance licence under subsection (1) remains in force until suspended, varied or revoked.

The Authority is also in the final stages of developing the online payment platform for Motor Third Party Insurance envisaged to start in 2019.

The IRA Chief Executive Officer Alhaj Kaddunabbi Ibrahim Lubega pronounced the Authority’s move at the end of the year Chief Executive Officer’s breakfast meeting at Serena Hotel in Kampala.

During the meeting Kaddunabbi shared with the industry players, the aggregate performance highlights (up to September 2018). The highlights indicated that Shs. 658.36 bn had been underwritten with Non-life registering Shs.452.67bn, Life registering Shs.150.90bn and HMO’s registering Shs. 54.79bn.

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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