MICROCAPITAL BRIEF: Insurance Regulatory Authority of Uganda (IRA) to Reduce Minimum Capital Requirement for Microinsurers to $30k, Increase Client Protection Measures

The Insurance Regulatory Authority of Uganda (IRA) recently urged insurance companies in the country to work with microfinance institutions (MFIs) to develop and promote microinsurance products.

MICROCAPITAL BRIEF: Uganda’s Insurance Regulator, Making Finance Work for Africa (MFW4A), Access to Insurance Initiative (A2ii) Seek to Expand Access to Microinsurance, Perhaps Mobile Money

The Insurance Regulatory Authority (IRA), Uganda’s insurance industry regulator, reportedly is partnering with Making Finance Work for Africa (MFW4A), a multilateral platform that aims to coordinate financial sector activities among African governments, and the Access to Insurance Initiative (A2ii), a global program hosted by Germany’s international cooperation agency (Deutsche Gesellschaft für Internationale Zusammenarbeit), to create regulation that make access to microinsurance more efficient, mainly for low-income earners.