The Uganda Insurance Regulatory Authority issued a circular to all insurers and reinsurers setting out the compliance evidence and fees required for the year 2026. Firms must submit the listed requirements and pay an annual compliance fee of UGX 4,000,000 (UGX 10,000,000 for reinsurers) by Monday, 1 September 2025, with late submissions attracting penalties. Required evidence includes paid-up capital and deposits as at 30 June 2025, statutory deposit statements (including a CDS statement for government securities), and clearance of any outstanding obligations due to the Authority. The circular also sets a timetable for 2026 reinsurance submissions (proposed programme by 30 September 2025, lead reinsurer programme by 31 October 2025, and signed cover notes by 1 December 2025), and requires evidence of the 2026 deposit annual contribution by 31 October 2025, relevant industry memberships and clearances, and COMESA Yellow Card Scheme clearance for non-life companies. Additional disclosures cover corporate governance and key function holders, external auditor and actuary details including professional indemnity cover of at least UGX 100 million valid until 31 December 2026 and compliance with auditor rotation, annual return filings, interim management accounts for newly licensed entities, immigration status documents for non-Ugandan staff, property title documentation, 2025 periodic returns, Uganda Re premium clearance as at 30 June 2025, and a valid certificate of registration with the PDPO; agents must submit online compliance applications by 1 September 2025 with fees of UGX 100,000 per agent (UGX 200,000 for corporate agents). Audited financial statements, returns and actuarial reports for 2025 are due by Tuesday, 31 March 2026. The Authority plans to publish its list of authorised entities on Thursday, 1 January 2026, and entities not published as licensed by that date must meet their own publication costs.
Uganda Insurance Regulatory Authority 2025-06-19
Uganda Insurance Regulatory Authority sets 1 September 2025 deadline for 2026 compliance submissions and UGX 4,000,000 to UGX 10,000,000 annual fees
The Uganda Insurance Regulatory Authority issued a circular detailing compliance evidence and fees for insurers and reinsurers for 2026, with submissions due by 1 September 2025. Requirements include paid-up capital, statutory deposit statements, and various clearances, with penalties for late submissions. Audited financial statements for 2025 are due by 31 March 2026, and the Authority will publish its list of authorised entities on 1 January 2026.