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← The regulatory atlasCOUNTRY PERSPECTIVE / Uganda

Standalone insurance regulator

UgandaInsurance Regulatory Authority

A growing market. A wider ambition for protection.

AI-generated country illustrationSources checked

01 / The institution

Insurance Regulatory Authority of Uganda

Uganda's dedicated insurance supervisor combines policyholder protection with market development. Explore its statutory independence, public contacts and a dated reading of its market reports, including the latest annual draft.

How it is structured

IRA is a statutory body corporate with its own governing board and chief executive. Section 11(3) of the Insurance Act provides for its operational independence. Bank of Uganda representation on its board does not make it a central-bank department.

Institutional source ↗

What it oversees

IRA regulates and supervises the insurance sector, licenses participants, handles insurance complaints and promotes public understanding. Its objectives include policyholder protection, competition and an inclusive insurance market.

Mandate source ↗

The legal foundations

Mandate, written into law.

Establishing legislation and the rules governing insurance may be different instruments.

01

Continues the authority and defines its powers

Insurance Act, Cap. 191 ↗

Section 9 continues IRA as a body corporate; section 11 sets its functions and independence; section 13 provides for its board. These are the current chapter's section numbers, which differ from the original 2017 Act.

02 / Market signals

The numbers, with context.

Figures retain the reporting period and accounting basis of their source. They are snapshots, not live indicators or directly comparable country rankings.

Insurance penetration. Premium-to-GDP measures describe market depth, not the percentage of people insured. Uganda's 2024 penetration observation predates the 2025 draft and Q2 2026 statistics.

03 / The report notebook

A dated view of the market.

What we noted in the regulator’s publications. Each entry separates the period covered, publication date when known, and our review date.

ReviewedNOTE 01

As at end of Q2 2026

Q2 2026 Industry Performance: Life and Nonlife (reviewed) ↗

Latest quarterly life/nonlife release located; its listing records 21 August 2026 as the creation date. The official workbook's current premium summary and supporting segment tables were read. Life and non-life totals were reconciled to insurer rows. Figures use the source's period convention: premium income as at quarter end, with corresponding Q2 2025 comparisons.

UGX 1.094tn in industry premiums

Gross written premiums reported at the end of Q2 2026 were 7.68% above the corresponding 2025 figure. The total combines non-life, life, HMO and microinsurer premiums.

Summary!C9:E9; component rows B4:D7; period B2:D3. Amounts in UGX thousands, as labelled in Non life!L3, Life!F3, HMO's!C4 and Micro insurance!F3. ↗

Life premiums grew 30.04%

Life gross written premiums reached UGX 524.14bn, while non-life premiums were UGX 552.93bn, down 7.11% against the corresponding 2025 figure.

Summary!C4:E5; Life!I14:J14 and Non life!Q25:R25. Units: Life!F3 and Non life!L3; period: Summary!B2:D3. ↗
Read the original publication ↗
ReviewedNOTE 02

2025 · draft

Draft 2025 Market Report Extract ↗

Newest annual publication on IRA's checked listing, uploaded 24 August 2026. IRA explicitly labels it a draft extract, so the statistics are provisional. The cited policy table in the official 73-page PDF was read and visually checked.

More than 1.1 million policies

The draft records 1,133,929 policies across non-life, life, HMOs and microinsurers. This includes group and individual contracts rather than a count of insured people.

Section 2(a), printed page 3 / PDF page 4 ↗

Microinsurance in the spotlight

Microinsurers account for 493,703 policies in the draft, including 493,678 individual contracts.

Section 2(a), printed page 3 / PDF page 4 ↗
Read the original publication ↗
ReviewedNOTE 03

2024

2024 Annual Insurance Industry Market Report ↗

Latest completed annual market report on the checked listing, uploaded 17 September 2025. The cited CEO statement and Table 2 in the official 160-page PDF were read and visually checked. Newer draft and quarterly releases are identified separately.

Insurance penetration in Uganda is still under 1% of GDP

2024 Annual Insurance Industry Market ReportAlhaj Dr. Kaddunabbi Ibrahim Lubega, Chief Executive Officer's Statement, printed page xiv / PDF page 16 · Country illustration

Premium growth with room to deepen coverage

The report shows 10.0% premium growth alongside penetration of 0.870% of GDP, indicating a growing market with substantial scope for wider insurance use.

Table 2, printed page 6 / PDF page 22; CEO statement, printed xiv / PDF page 16 ↗
Read the original publication ↗

04 / Official contacts

Reach the institution.

Public institutional channels, checked 9 September 2026.

General enquiries
ira@ira.go.ugSource ↗
Toll free within Uganda
0800 124 124Source ↗
Kampala office
Insurance Towers, Plot 6 Lumumba Avenue, P.O. Box 22855, KampalaSource ↗

Research trail

Sources you can follow.

Independent editorial research by Insurers Global. Source dates do not certify that a law includes every subsequent amendment.

  1. IRA Uganda: Contact us ↗Checked
  2. IRA Uganda: Insurance Act, Cap. 191 ↗Checked
  3. IRA Uganda: approved organisational structure 2025 ↗Checked
  4. IRA Uganda: Draft 2025 Market Report Extract ↗Checked
  5. IRA Uganda: 2024 Annual Insurance Industry Market Report ↗Checked
  6. IRA Uganda: annual reports listing ↗Checked
  7. IRA Uganda: Q2 2026 Industry Performance (reviewed) listing ↗Checked
  8. IRA Uganda: Q2 2026 Industry Performance workbook ↗Checked

Country scenes are AI-generated illustrations made with OpenAI image tools, not official regulator photographs or endorsements. Quotations remain searchable text. Report figures and directory verification are maintained separately.