Microinsurance in Uganda: Country diagnostic report on market and regulations
This Report presents the findings of a study on the microinsurance market in Uganda that was undertaken during the first half of 2013. The primary objective of the
study, and this Report, is to make recommendations to the Insurance Regulatory Authority (the Authority) for a policy framework for regulating microinsurance, including health microinsurance. A subsidiary objective is to update a previous study undertaken under the auspices of the Access to Insurance Initiative (A2ii) in 2008. The primary legislation, the Insurance Act, was amended in 2011 to enable the licensing, regulation and supervision of health membership organisations (HMOs) and health insurance organisations (HIOs). The study therefore included a specific focus on understanding the health financing environment in Uganda, including the public financing of healthcare service as well as the market for and operations of HMOs and HIOs.
"I was stranded in New York City during the 2003 blackout, and for the next two years, I carried a small flashlight in my backpack. The flashlight did not cost much, but its potential to help in another blackout was obvious and to use it I needed only to press a button. For microinsurance to be accepted on a massive scale, it cannot cost much, its value must be obvious, and it must be simple to use." -- Brandon Matthews | Head of Microinsurance, Zurich Financial Services