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Measures to expand the Ugandan insurance market

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Magazine Issue: 
Reinsurance at the crossroads [3]
Magazine date: 
Jan 2023

Ugandan insurance marketThe Insurance Regulatory Authority of Uganda (IRA) is expecting an improvement in the performance of the Ugandan insurance market [4] by 2023.

To this end, the IRA has set objectives for the year 2023, including:

  • the finalization of the Motor Insurance Bill
  • the implementation of the International Financial Reporting Standard (IFRS) 17
  • the automation of the supervisory authority's monitoring operations
  • the introduction of compulsory marine insurance
  • the initiation of insurance awareness campaigns
Wed, 18/01/2023 - 14:43

Source URL: https://www.atlas-mag.net/en/category/pays/ouganda/measures-to-expand-the-ugandan-insurance-market

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[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-197-january-2023
[4] https://www.atlas-mag.net/en/category/pays/ouganda/ugandan-insurance-market-as-of-30-september-2022