July 14, 2026
The Question Nobody in This Industry Wants to Answer
Across many African markets – including Uganda – the insurance industry is growing. Premiums are rising, new players are entering the market, and the Insurance Regulatory Authority (IRA) has authorized 144 licensed entities to drive insurance business in 2026. Regulators are innovating. Technology is being adopted. On paper, the numbers look encouraging. But here is a question I want you to sit with for a moment: How many people around you — outside this industry —have insurance? Very few. The people we should be serving are navigating life’s biggest financial risks — illness, fire, drought, accident — without any protection. And they are doing so not because they don’t care about their futures, but because the industry has not yet made itself relevant, accessible, or affordable to them. as professionals in this industry, it is our paradox to resolve.