IRA issues guidelines for 2025 Annual Insurance Innovation awards

KAMPALA - As Innovation increasingly becomes critical to the long-term success of all insurers, it remains key to improving the life of customers and business growth at large.

This aligns with the values behind the Annual Insurance Innovation Awards, organised by the Insurance Regulatory Authority (IRA) to celebrate exceptional excellence and transformative solutions in the insurance industry.

These awards remain a vital platform for recognising stakeholders who drive sector growth.

To this effect, the regulator has released guidelines and notifications ahead of the 6th Edition of the Insurance Innovation Awards scheduled for Friday, 27th March 2026, at the Kampala Serena Hotel.

The 2025 edition will be held under the theme: "Future Eri Ku Sure Ne Insure," which reflects a collective commitment to advancing insurance as a cornerstone of financial security, conveying that with insurance, the future is safeguarded.

“To ensure the awards remain at the forefront of global standards, the Authority is adopting a modified evaluation methodology for this edition. We have engaged a consultant to manage the process.

The consultant’s team will get in touch and make appointments to conduct planned visits to your premises to guide you through the requirements and identify initiatives that may deserve recognition,” CEO, IRA, Ibrahim Kaddunabbi Lubega, noted.

The Annual Insurance Innovation Awards are a purpose-driven initiative by IRA that is committed to developing and professionalising insurance in Uganda.

IRA is always looking for ways to motivate, facilitate and promote Sector Product Innovation and Developments through recognising players that have been more innovative than others.

The Insurance Innovation Awards provides a platform for knowledge and information dissemination by sharing the best practices, experiences and expertise, fostering innovation and creativity in the insurance services value chain and subsequently expanding the insurance market.

“We are calling upon all players to make their submissions using this form. This data capture tool has been designed to capture critical information on recent innovations by insurance players for the past 36 months, after which a shortlist will be developed and forwarded to the panel of judges.”

The event recognised companies and individuals for their innovative contributions to the insurance industry, including the development of creative products and the digitisation of insurance services.