Insurance Regulatory Authority approves tech-driven innovations
The Insurance Regulatory Authority has revealed significant growth in insurance innovations. The authority has announced that it has approved four out of the nine products qualified and added to the market to promote insurance through technology. According to the Chief Executive Officer of the Insurance Regulatory Authority, Alhaj Kaddunabbi Ibrahim Lubega, the critical areas of need are innovations to boost microinsurance, data protection, claims, and risk to expand the penetration of insurance services.
