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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
http://www.ira.go.ug

IRA licenses 114 insurance players..

Under section Sections 34 (1), 35, 36 (1), 82 (1) and 83 of the Insurance Act, No. 6 of 2017 (Act), the Insurance Regulatory Authority of Uganda has granted licenses to 114 insurance players to transact insurance business in the year 2019.

The Authority has licensed 32 insurance companies (21 non-life firms, 9 life insurance firms; one Micro Insurance firm, one re-insurer, five Health Membership Organizations (HMOs), 35 insurance brokers, two re-insurance brokers and 24 Loss Assessors, adjusters, insureance surveyors and Risk Advisors.

This year the Authority has licensed fifteen commercial banks and one credit into sell insurance products to their clients.

The Authority renews licences of all insurance players annually as a way of scrutinizing their suitability and therefore protect the interests of policyholders and beneficiaries.

Effective next year, 2020, the Authority will start issuing perpetual licenses and as such the licenses issued will remain in force until suspended, varied or revoked, as per Section 44 (2) of the Insurance Act 2017.

The public is advised to deal with only licensed insurance players. All licensed persons are also by law required to display their licenses prominently at their places of business and in each of their branch offices in Uganda.

In case of any dissatisfaction with any insurance company or insurance service provider, lodge a complaint with the Authority’s Complaints Bureau for redress..

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
Your Name:
Your Email :
Phone Number :
Insurer / operator :
Your Complaint:

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