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Insurance Institute of Uganda (IIU)

IIU: Uganda insurers, S. African institute partner to strengthen human resource
The Insurance Institute of Uganda (IIU) is in the process of working out a partnership with the Insurance Institute of South Africa (IISA) with the latter agreeing to help in developing Uganda’s sector professionally.The deal is meant to help IIU strengthen local human resource through regular training in various disciplines that match international insurance employment requirements.Human capital development has been one of the key areas of focus in growing the industry.According to IIU chairman Ronald Zaake, the partnership agreement was reached during a benchmarking visit to South Africa that aimed at seeing how best the institute can strengthen its training capacity by acquiring specific modules and qualifications.Read more
IIU: Insurers challenged to invest in micro-insurance
Ronald Zake, chairman Insurance Institute of Uganda (IIU) has challenged players in the industry to embrace micro-insurance to cater for small and medium size enterprise. Zake informed the players that microfinance institutions also want the sector to provide them affordable packages. "A law to regulate micro-insurance is coming up," Zake said.He said this during the CEO IIU Forum held at Golf Course Hotel. Zake said the institute has continued to engage the Insurance Regulatory Authority on the Insurance Amendment Bill. "We want to ensure that the institute is recognized as the training, examination and certifying body of all persons engaged in insurance," Zake said a bench marking visit to the Insurance Institute of South Africa to see how best the institute develops its diploma qualification was conducted. "The Institute of South Africa has agreed to work with as technical partners to have our diploma in place and also to use their materials. A memorandum is to be signed and we should be able to roll out the diploma," Zake said. Read more
Board for insurance institute unveiled
A board of trustees was unveiled to fast-track the establishment of the Insurance Institute of Uganda (IIU). The board will largely be responsible for the management of funds accruing from the newly introduced training levy - a contribution by individual insurance companies to facilitate the running of the institute. The IIU chief executive, Mr Geoffrey Kihuguru (left), said the constitution of the board serves as one of the key drivers that will bolster the fast-tracking of the sector’s human resource. Mr Ibrahim Kaddunabbi, the Insurance Regulatory Authority chief executive officer, said the authority was in the process of developing regulations that would assist the formation and regulation of the institute.  Read more