The long-awaited 14th Annual Insurance Agents Awards 2024 took place on 30th April, at Hotel Africana Kampala. The Awards Gala running under the theme: “Driving a Resilient Agency Distribution Channel for Sustained Insurance Growth” was typified by glamour as the majority of the guests remained true to the night’s Black & Gold dress code. Minister of Works and Transport, Gen. Katumba Wamala was the Guest of Honour and the evening’s MCs were Josephine Namale and Val Okecho.

The CEO of the Uganda Insurers Association (UIA), Jonan Kisakye delivered the evening’s opening remarks appreciating the event’s sponsors, partners, UIA member companies, and the organizing committee for their collective efforts in making the event a success, noting a significant increase in attendance compared to previous years. He spoke about the key resolutions from the Insurance Agents Convention, which included but not limited to: continued support to the Insurance Agents, the development of a digital platform for agents' registration, increased backing from insurance companies for the Agents Awards, and enhanced engagement with the Uganda Revenue Authority to address the prevalent insurance agents’ tax concerns and fostering better collaboration.

The UIA Chairperson, Ruth Namuli reaffirmed UIA’s commitment to strengthening Uganda’s insurance sector and implementing the Agents Convention resolutions. She spoke glowingly about the industry’s upward trajectory, marked by growing public awareness, increased trust and stronger client engagement, which is largely driven by the tireless efforts of insurance agents who connect with clients daily, simplify complex products and bridge the critical trust gap in the industry. Ms. Namuli reported that insurance agents account for 60% of life insurance policy sales and are increasingly contributing to the general insurance uptake. She congratulated all 2024 nominees and winners, applauding them for  their outstanding performance.

In a special way, Ms. Namuli thanked the Chief Guest, Hon. General Katumba Wamala for his presence and continued support to the insurance industry. She acknowledged the strong partnership between the industry and the government, citing collaborative efforts in agricultural insurance, the oil and gas sector, plus contributions exceeding 300 billion shillings annually in tax revenue. She, however pointed out that challenges persist, with only 600,000 vehicles insured and over 1.5 million still uninsured, while calling for continued partnership and support to help the sector expand its reach and impact.

In his speech, The Chief Guest, who is the Minister of Works and Transport, Gen. Katumba Wamala emphasized the critical role that insurance plays as a national safety net, while also acknowledging the challenge of low insurance penetration in Uganda, urging players to continue raising public awareness and educating citizens on the importance of insurance.

Gen. Katumba Wamala highlighted the vital role insurance agents play in driving industry growth and serving as change agents. He welcomed the growth in claim payouts, calling it a positive development, and stressed the importance of insurance to the transport sector. The Minister also pledged continued support for the insurance industry, commending its efforts to educate motorcycle (boda boda) riders on the value of Motor Third Party insurance. He also advocated for further digitalization.

UIA Medical Committee Chairperson & CEO of Jubilee Health Insurance - Dan Musiime decried the glaring gap between Corporate Health Insurance & Individual Health Insurance Consumption, noting that, while Medical Insurance contributes over 20% to the total insurance premiums, this consumption is mainly driven by the corporate side.

In his remarks, the Chairman Non-Life Council & CEO Liberty General Insurance, Makhanu Peter emphasized the Council’s strong commitment to collaboration, specifically with the Uganda Insurers Association (UIA), the Insurance Training College (ITC), and all relevant stakeholders. On matters of compliance, Mr. Makhanu highlighted a critical issue—Know Your Customer (KYC) requirements. He pointed out that many financial institutions have already been guided by the Financial Intelligence Authority (FIA), especially in the corporate sector. He urged the insurance industry to follow suit.

Chairman Life Council & CEO of UAP Old Mutual, Kimathi Patrick appreciated the partners who came on board to support the Insurance Agents Awards. He proudly noted that he was on the board that came up with this initiative, to appreciate the efforts of insurance agents. He also noted that Life and Medical Insurance are the fastest growing insurance classes in the country.

The top three winners: Agent of the Year - Life, Agent of the Year – Medical & MTP Agent of the Year won air tickets to destinations of their choice courtesy of Uganda Airlines while all category winners will be getting 3-months internet connectivity courtesy of Sprint Uganda.

Below is the list of the night’s winners;

AGENT OF THE YEAR LIFE 

• Justine Namugosa - UAP OM (Winner)
• Ssempasa Diana Ndege – Jubilee Life (1st Runner Up)
• Prossy Naluyinda – CIC (2nd Runner Up)

AGENT OF THE YEAR MEDICAL 

• George Kaggo – Jubilee Health (Winner)
• Jude Okeya - ICEA Lion (1st Runner Up)
• Caroline Kiconco – Jubilee Health (2nd Runner Up)

MTP BEST AGENT OF THE YEAR 

• Tumwesige Patrick - Excel Insurance (Winner)   
• Winnie Nambogo - Excel Insurance (1st Runner Up)   
• Nakkazzi Hellen - Excel Insurance (2nd Runner Up)

BEST NEW AGENT ENDOWNMENT POLICIES 

• Karungi Specioza     - CIC (Winner)
• Mbeiza Suzan – CIC (1st Runner Up)
• Kabawuyo Gilbert – Prudential (2nd Runner Up)

BEST NEW AGENT RISK POLICIES 

• Mable Nabasajji Ssemakula Makubuya – CIC (Winner)
• Leah Kabatongole – CIC (1st Runner Up)
• Auma Caroline – CIC (2nd Runner Up)

PERSISTENCY AWARD 

• Katsigwa Edgar – UAP OM (Winner)
• Florence Nantege – CIC (1st Runner Up)
• Prossy Naluyinda – CIC (2nd Runner Up)

HIGHEST PREMIUM WRITTEN ENDOWNMENTS 

• Lydia Iriok Musiimire – UAP OM (Winner)
• Katsigwa Edgar – UAP OM (1st Runner Up)
• Ssempasa Diana Ndege – Jubilee (2nd Runner Up)

HIGHEST NUMBER OF POLICIES ENDOWNMENTS 

• Nabatanzi Rosemary – Jubilee (Winner)
• Nalwoga Sylvia – Jubilee (1st Runner Up)
• Karungi Specioza – CIC (2nd Runner Up)

HIGHEST NUMBER OF POLICIES RISK 

• Jaqueline Genza Teziba – UAP OM (Winner)
• Judith Kakuze – UAP OM (1st Runner Up)
• Justine Namugosa – UAP OM (2nd Runner Up)

BEST MOTOR THIRD PARTY AGENTS - CENTRAL REGION

• Winnie Nambogo - Excel Insurance (Winner) 
• Nakkazzi Hellen - Excel Insurance (1st Runner Up) 
• Nayebare Brian - Mirai General (2nd Runner Up)

BEST MOTOR THIRD PARTY AGENTS - WESTERN REGION 

• Tumwesige Patrick - Excel Insurance (Winner)
• Namukasa Aishah - GA Insurance (1st Runner Up) 
• Judith Atwebembere - Excel Insurance (2nd Runner Up)

BEST MOTOR THIRD PARTY AGENTS - EASTERN REGION 

• Hamidu Bakaali - Mirai General (Winner) 
• Nanfuna Aisha - Mirai General (1st Runner Up) 
• Mubiru Job Simon Active – SWICO (2nd Runner Up)

BEST MOTOR THIRD PARTY AGENTS - NORTHERN REGION 

• Magomu Yusuf Active – SWICO (Winner) 
• Ngecer Sarah - Excel Insurance (1st Runner Up) 
• Adania Mercy - Excel Insurance (2nd Runner Up)

BEST MOTOR THIRD PARTY AGENTS FOR BIKES 

• Nassanga Lillian - NIC General (Winner) 
• Kalanzi Robert – NIC General (1st Runner Up) 
• Sarah Nabwire - NIC General (2nd Runner Up)