ABSTRACT
This research sought to investigate insurance industry and the significance of its laws and
regulations to development in Uganda. The objectives of the research were to review the
Insurance Regulatory Body and to come up with effective mechanisms that can be utilized by
Regulatory body and Authority of Uganda and other professional associations in monitoring and
supervising insurance industry. The researcher looked at literature review in the domain of the
industry and regulation. The review brought fouth various challenges such as the cock of an
efficient information sharing system, inadequate funding of IRA, insurer's rates under cutting
practices, weak financial basis among others. It was this recommended inter alia that the IRA,
impress the use of ICT in its monitoring and its supervisory work and insurers strengthen their
financial stability.
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Research, S. (2022). Aa9eda6f3ba3413f4806f3345ae6a5d8ba35c0c1THE SIGNIFICANCE OF INSURANCE LAWS TO DEVELOPMENT IN UGANDA CASE STUDY KAMPALA DISTRICT. Afribary. Retrieved from https://afribary.com/works/aa9eda6f3ba3413f4806f3345ae6a5d8ba35c0c1the-significance-of-insurance-laws-to-development-in-uganda-case-study-kampala-district
Research, SSA "Aa9eda6f3ba3413f4806f3345ae6a5d8ba35c0c1THE SIGNIFICANCE OF INSURANCE LAWS TO DEVELOPMENT IN UGANDA CASE STUDY KAMPALA DISTRICT" Afribary. Afribary, 16 Aug. 2022, https://afribary.com/works/aa9eda6f3ba3413f4806f3345ae6a5d8ba35c0c1the-significance-of-insurance-laws-to-development-in-uganda-case-study-kampala-district. Accessed 04 May. 2024.
Research, SSA . "Aa9eda6f3ba3413f4806f3345ae6a5d8ba35c0c1THE SIGNIFICANCE OF INSURANCE LAWS TO DEVELOPMENT IN UGANDA CASE STUDY KAMPALA DISTRICT". Afribary, Afribary, 16 Aug. 2022. Web. 04 May. 2024. < https://afribary.com/works/aa9eda6f3ba3413f4806f3345ae6a5d8ba35c0c1the-significance-of-insurance-laws-to-development-in-uganda-case-study-kampala-district >.
Research, SSA . "Aa9eda6f3ba3413f4806f3345ae6a5d8ba35c0c1THE SIGNIFICANCE OF INSURANCE LAWS TO DEVELOPMENT IN UGANDA CASE STUDY KAMPALA DISTRICT" Afribary (2022). Accessed May 04, 2024. https://afribary.com/works/aa9eda6f3ba3413f4806f3345ae6a5d8ba35c0c1the-significance-of-insurance-laws-to-development-in-uganda-case-study-kampala-district