Tamini General Insurance, Uganda's first licensed takaful operator and a member of the Al Salaam Africa Group, has received Shariah certification from Bahrain-based Shariyah Review Bureau (SRB) for its portfolio of takaful products.
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEI) has announced its contribution to the construction of the Akii Bua Olympic Stadium, a multi-purpose sports facility located in Lira, Uganda.
The Insurance Training College (ITC) has signed an MoU with Service Cops to establish the ITC-Service Cops Innovation Hub, a five-year initiative aimed at advancing innovation, digital transformation, and skills development within Uganda's insurance and financial services sector.
President Yoweri Kaguta Museveni yesterday launched Tamini General Insurance, Uganda's first Islamic insurance company.
The Ugandan insurance industry is forecast to continue on its positive growth trend in 2026, driven by increased public awareness and public trust, according to the CEO of the Insurance Regulatory Authority (IRA), Mr Kaddunabbi Ibrahim Lubega.
Increased market activity, coupled with an expansion in coverage, boosted the insurance industry's 2025 half-year financial performance, according a media statement released by the Insurance Regulatory Authority of Uganda (IRA).
Insurance companies in Uganda have been encouraged to design retirement-focussed products to take advantage of opportunities in the fast-growing pension sector.
The insurance market in Uganda posted gross premiums of UGX1.76tn ($490m) in 2024, 10% higher than the UGX1.60tn chalked up in 2023, according to data from the Insurance Regulatory Authority (IRA).
The performance of Uganda's insurance industry is expected to improve this year due to factors such as the expected take-off of takaful.
The Uganda Insurers Association (UIA) is working on an initiative named the Insurance Literacy and Market Development Agenda to increase public awareness of insurance in the country, according to Mr Jonan Kisakye, CEO of the association.