Africa-Press – Uganda. Uganda has hosted the hosted meeting of the East African Insurance Supervisors’ Association (EAISA), drawing senior insurance regulators from across the East African Community (EAC).
The week-long meeting at Lake Victoria Serena Golf Resort in Kigo saw the approval of a standardized template for the East African Insurance Market Report, a framework for national insurance sector updates, and a ratified EAISA constitution to formalize the association’s operations.
It had delegates from Uganda, Kenya, Tanzania, Rwanda, and Burundi.
According to Alhaj Kaddunabbi Ibrahim Lubega, CEO of IRA Uganda and current chairperson of EAISA, the approval of the three documents will help strengthen regional insurance regulation, building resilience and increase penetration
“These documents are crucial to ensuring that EAISA is a going concern,” he said, adding that the documents are aligned with EAISA’s strategic plans that runs up to 2029.
The chief executive officer of Kenya’s IRA, Godfey Kiptum said that harmonized reporting frameworks will track critical indicators such as gross written premiums, insurance penetration levels, policyholder complaints, and sector innovations, among others.
“With collective effort and unified regulation, we can significantly grow our region’s insurance industry,” said Kiptum.
The meeting also acknowledged the region’s challenges including limited public awareness, economic instability, and political unrest.
They however expressed confidence in the industry’s resilience, citing digital innovation, regulatory reforms, and increased collaboration as drivers to growth.
Shelagh Kahonda, the executive director of, echoed this optimism.
“Despite the conflicts in some parts of our region, the insurance sector remains a symbol of stability. EAISA creates a professional space where we can devise unified, practical solutions. Every citizen deserves the assurance that their risks are covered and that they will be compensated when losses occur,” said Shelagh Kahonda, the Executive Director in charge of Financial Stability at the National Bank of Rwanda.
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