Compulsory Marine Insurance to boost economy
Kaddunabbi also said the launch of an online portal will address long-standing challenges for importers, including high costs, delays and uncertainties surrounding foreign insurance coverage.
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Ibrahim Kaddunabbi Lubega, the chief executive officer of the Insurance Regulatory Authority, said the new policy would offer better protection for goods in transit, streamline claims processes and offer competitive rates in local currency.
NewVision Reporter
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KAMPALA - Uganda’s insurance sector is on the brink of significant transformation with the introduction of compulsory marine insurance, a move aimed at expanding the market and strengthening