Newslex Point News in Uganda, Uganda news
13 insurance companies participated in the virtual Inaugural Insurance Innovation Awards.
These industry players included: Excel Insurance Company, Legacy Insurance, ICEA Life, Jubilee Insurance, Life Alliance Assurance, Jubilee Insurance General, Diamond Trust Bank, Housing Finance Bank, ICEA General Insurance, Kenbright Insurance brokers, Prudential insurance company, Minet Limited and Turaco Insurance Company.
The executive director of IRA, Kaddunabbi Lubega said the objective of the awards was to provide a platform for knowledge and also information dissemination. Especially by sharing the best practices, experiences and expertise. It was also meant to foster innovation and creativity in the insurance service value chain and subsequently expand the insurance market boundaries.
“Innovation is many things – but its ultimate goal is to improve our processes to make the life of customers better and business growth. The time is now for the insurance sector to diffuse, adopt and also embrace the use of digital platforms to connect easily with different networks, communities aiming at improving service delivery and offering real value to insurance consumers,” he said.
Here are the winners in different categories;
The Most Innovative Life Insurer award- Prudential insurance company
Most Innovative Non-life insurer award- ICEA General Insurance
The Most Innovative Insurance Broker- Minet Limited
Most Innovative Bancassurance Agent- Housing Finance Bank
Most Innovative Non- Life Insurance Agent- Turaco Insurance Company
Check Also;
- Digital Impact Awards; Stanbic Bank Walks Away With Three Awards
- Why Are Most People Trashing The MTV MAMA Awards?
- List Of Money Lending Companies In Uganda For Instant Loans
Please use the button below to contribute to Newslex Point, Inc. using a credit card or via PayPal.
![[dropcap]A[/dropcap] section of women in Bugongo parish and Nawangaiza parish in Nawandala Sub County, Iganga District have decried the near-impossible terms set for them to access GROW funds. They have now petitioned their woman member of parliament for Iganga Hon. Kauma Sauda Alibaawo to ask the government for revised terms and conditions. This is to enable them to benefit from the program. The disgruntled women accuse the implementers of the program of charging the money. They are also asking for their land titles and land agreements. They said that such properties are governed by their husbands. These, therefore want the government through their woman MP to intervene and revise the requirements for one to benefit. The women were on Wednesday at Namabwere primary school in Nawandala Sub County. They had gathered in their respective groups to receive over 300 chickens from Hon Alibaawo in her campaign to improve the livelihood of women in Iganga district. Each group was given 50 chicken as start-up capital in their journey to prosperity. Read what some leaders said; Ms Naigambi Lydia from Nawandala Trading Centre says, “They solicited money from us through opening bank accounts and depositing Shs80,000. They also asked for land titles and land agreements from us yet we don’t have such things. I was informed that I needed to have a business with a capital of Shs4m yet my capital was very small.” The chairperson Kisoboka Saving Group in Nawandala Ms. Nakagolo Faith said they were not able to join the program. This is given the many conditions attached. She also asked their woman MP to raise their concerns to the relevant offices. The MP condemned the mode of implementation of the program. She cited that it has turned to benefit the well-off class of women other than the intended group. She further asked the government to intervene saying the current strings attached to the programme are very tight to accommodate a common woman. GROW project is a Government of Uganda initiative that arose out of the need to respond to the needs of women entrepreneurs. This is especially those who want to grow their businesses, sustain their self-employment and create more jobs. Check Also; Iganga District NRM Leaders Urge Museveni To Fulfill Election Promises Of 2021 International Women's Day: Celebrating Progress Towards Equality](https://i0.wp.com/newslexpoint.com/wp-content/uploads/2024/11/Iganga-women-decry-tough-terms-to-access-GROW-funds-e1731738339732.jpg?resize=300%2C160&ssl=1)
