Insurance/re-insurance broker license

Regulatory

1. Registration requirements. Fill a form with the following information:
  • The name and address of the company/firm.
  • The legal status (e.g. limited company, partnership). Also, you indicate whether   the firm is local or foreign.
  • The physical location of the proposed Head office showing the plot No., the street,   town, telephone number, fax, postal address and email address.
  • The physical location of Branch offices showing the information as in (iii) above.
  • Date and Number of incorporation/registration
  • Attach a copy of the Certificate of Incorporation/Registration and a copy of the Memorandum and Articles of Association.
  • Nature of business (e.g. insurance or reinsurance brokerage).
  • Date of commencement of business. 
  • Names, addresses, nationality, qualifications and occupation of Directors. 
  • Names, nationality and address of shareholders.
  • Names, qualifications and experience of Senior Executive and key Management  staff (attach organization chart).
2. License requirements. Fill an application form with the following information:
  • The name of the applicant.
  • Postal address of the Head office.
  • Telephone numbers, fax number, email.
  • Physical address.
  • Share capital.
  • Authorized and paid-up capital of not less than 75,000,000- Seventy five million shillings of which 17,500,000 -Seventeen million five hundred thousand shillings shall be invested in Government securities and on which the Authority shall have a lien.
  • Insurance business intended to be transacted for (state whether life or non-life).
  • Names and address of Bankers.
  • External auditors.
  •  Names, nationality and address of the directors of the applicant.
  •   If any of the directors has been convicted of any offence involving fraud or dishonesty he/she give details.
  • If any of the directors has been adjudged to be bankrupt or compounded with creditors, he/she give details.
  •  If any of the directors have an interest in any firm licensed under the Statute, he/she should state the nature of the interest.
  • Names of the Chief Executive Officer of the applicant.
  • Total number of employees to be employed (managerial, supervisory, others).
  • Attach photocopy of professional indemnity insurance cover.
3. In addition to the above information, the following enclosures should be attached accordingly:
  • Phone: +256 312-266364, +256 414346712, +256 414253564
  • Physical Address: Plot5,Kyadondo Road, Nakasero. Legacy Towers, Block B, 2nd Floor
  • Postal Address: P.O.Box 22855 Kampala, Uganda
  • Jurisdiction: National
  • Email Address: ira@ira.go.ug
  • Website: http://www.ira.go.ug
  • Operating Hours: Moday to Friday, 8:00am-5:00pm (excluding weekends and public holidays)
  • Directions: View Directions