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UIA participates in the 15th Annual Mineral Wealth Conference

The Uganda Insurers Association (UIA) participated in the 15th Annual Mineral Wealth Conference and Expo, held at Speke Resort Munyonyo from 29th to 30th September, 2026. Organized by the Uganda Chamber of Energy & Mines (UCEM) under the theme "Beneath the Surface: Unlocking Africa’s Next Mining Powerhouse," the two-day conference brought together stakeholders from various sectors including mining, energy, finance and government, to discuss the state of mining and deliberate on how to unlock its full potential.

The Role Of Insurance In Uganda’s Energy Transition: Insights from the ICOGU Energy Symposium 2025

The future of Uganda's energy sector is increasingly intertwined with its insurance landscape, as evidenced by the recent ICOGU Energy Symposium 2025, held on 19th March, at the Sheraton Hotel Kampala. This event hosted by the Insurance Consortium for Oil & Gas Uganda (ICOGU) served as a vibrant forum for key stakeholders to discuss how insurance can effectively support Uganda’s transition to a more sustainable energy future.

IGOCU Members tipped to take lead in the energy transition Agenda

The Insurance Consortium for Oil and Gas Uganda (ICOGU) members have been advised to be more strategic and generate tailored insurance solutions required by the oil and gas sector.

The call was made by the Insurance Regulatory Authority (IRA) CEO Ibrahim Kaddunabbi Lubega during the 2025 Energy Symposium organized by the Insurance Consortium for Oil and Gas Uganda (ICOGU) at Sheraton Kampala Hotel under the theme: “the role of insurance in the Energy Transition”,

Local Insurance Companies Raise UGX 200bn in Insuring Oil and Gas Projects

Ugandan registered insurance companies have so far claimed business worth 55.3 million dollars (about 202 Billion Shillings) in underwriting oil and gas projects. 

Of this, activities in the Tilenga Project, which is operated by TotalEnergies, account for 31.7 million Shillings while at the Kingfisher Development Area, activities have paid insurance premiums worth 7 million Shillings, and the rest, 14.7 million is from the activities under the East African Crude Oil Pipeline.

Uganda’s Insurance Sector Scores UGX 6.5 Billion in Oil and Gas Premiums

The Insurance Regulatory Authority (IRA) has underwritten insurance premiums worth UGX 6.5 billion from Uganda’s oil and gas sector in 2025.

The Authority’s Chief Executive Officer, Ibrahim Kaddunabbi Lubega, described this as a sign of a positive growth trajectory for the industry.

Speaking at the opening of the Insurance Consortium for Oil and Gas Energy Symposium 2025 at the Sheraton Hotel in Kampala, Kaddunabbi emphasized the crucial role of insurance in providing financial security and mitigating risks in the sector.

Insurance has key role to play in Uganda’s energy transition- Experts

Experts have said insurance can provide the financial safety net to drive change and help local, and global stakeholders realize opportunities during Uganda’s energy transition.

Delivering a keynote address at the 2025 Energy Symposium organized by the Insurance Consortium for Oil and Gas Uganda (ICOGU) at Sheraton Kampala Hotel, Richard Scott, the global head of renewables for Oneglobal Broking UK said the early involvement of insurance companies is essential for the development and financing of technologies that facilitate the energy transition.

Insurers Turn to Capacity Building to Tap into the Oil and Gas Industry

With Uganda’s Oil and Gas Industry entering a critical development phase, particularly in the upstream operations, the Insurance Consortium on Oil and Gas Uganda (ICOGU) is now focusing on strategic capacity building to grow premiums.

According to Jonan Kisakye, CEO of the Uganda Insurers Association, the oil and gas sector is relatively new in Uganda, and the risks associated with it are substantial.

Insurance sector shifts focus to capacity building in oil and gas industry

As Uganda's oil and gas sector enters a critical development phase, particularly in the upstream and midstream operations, the Insurance Consortium on Oil and Gas Uganda (ICOGU) has announced a strategic focus on capacity building for industry players rather than merely retaining insurance premiums.

According to Jonan Kisakye, CEO of the Uganda Insurers Association, the oil and gas sector is relatively new in Uganda, and the risks associated with it are substantial.

ICOGU AGM 2024 at Paraa Safari Lodge

The Insurance Consortium for Oil and Gas Uganda (ICOGU) held its Annual General Meeting (AGM) on 13th June, 2024 at Paraa Safari Lodge - Murchison Falls National Park. This crucial assembly brought together the leadership & members of ICOGU to discuss progress, benchmark from similar successful pools, set future directions & reinforce stakeholder collaboration.

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