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
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