The Uganda Insurance Regulatory Authority issued a directive requiring insurers to deal only with insurance agents registered with the Insurance Agents Association of Uganda (IAAU), making IAAU registration a prerequisite for agents to practise in Uganda. Citing Sections 82(1)(c) and 84(2) of the Insurance Act, Cap. 191, the Authority requires all licensed insurance agents to register with the IAAU and provide evidence of IAAU subscription. The requirement applies from 31 March 2025 for new agent licence applications, agent licence renewals, and annual compliance certifications, with enforcement action to follow for non-compliance after that date.
Uganda Insurance Regulatory Authority 2025-03-10
Uganda Insurance Regulatory Authority directs insurers to deal only with Insurance Agents Association of Uganda registered agents from 31 March 2025
The Uganda Insurance Regulatory Authority mandates that insurers engage only with agents registered with the Insurance Agents Association of Uganda (IAAU), citing Sections 82(1)(c) and 84(2) of the Insurance Act, Cap. 191. From 31 March 2025, all insurance agents must register with the IAAU and provide proof of subscription for new licences, renewals, and compliance certifications, with enforcement for non-compliance thereafter.