The Insurance Regulatory Authority (IRA) has created a new phone app for the payment of motor third party liability premiums.
Such means of payment contributes in decreasing motor insurance fraud [4] which costs Uganda 52.5 billion UGX (14.2 million USD) per year.
Read also | Uganda Insurance Market [5]
Links:
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[2] https://www.linkedin.com/shareArticle?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Fpayment-of-motor-premiums-via-mobile-phone&source=Atlas Magazine&mini=true
[3] https://www.atlas-mag.net/en/issue/pandemic-risk-future-eldorado-of-insurers
[4] https://www.atlas-mag.net/en/article/insurance-fraud-detection-and-cost-to-industry
[5] https://www.atlas-mag.net/en/article/uganda-insurance-market-2019-results