Uganda Technical Assistance Report-Moving Towards Risk-Based Supervision of Insurance in Uganda: Training on Supervision of Reinsurance and Assisting on an Industry Seminar on Risk-Based Supervision

This Technical Assistance Report discusses the recommendations made by the IMF mission to assist Uganda in moving toward risk-based supervision of insurance sector. It highlights that under the revised insurance legislation, the Insurance Regulatory Authority of Uganda (IRA) will be requiring nonlif...

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Bibliographic Details
Corporate Author: International Monetary Fund Monetary and Capital Markets Department
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2018
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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300 |a 19 pages 
651 4 |a Uganda 
653 |a Insurance companies 
653 |a State supervision 
653 |a Institutional Investors 
653 |a Pension Funds 
653 |a Finance 
653 |a Risk-based supervision 
653 |a Industries: Financial Services 
653 |a Banks and banking 
653 |a Financial institutions 
653 |a Financial Instruments 
653 |a Financial Institutions and Services: Government Policy and Regulation 
653 |a Non-bank Financial Institutions 
653 |a Banks and Banking 
653 |a Financial regulation and supervision 
653 |a Actuarial Studies 
653 |a Financial services law & regulation 
653 |a Insurance Companies 
653 |a Insurance 
653 |a Insurance & actuarial studies 
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520 |a This Technical Assistance Report discusses the recommendations made by the IMF mission to assist Uganda in moving toward risk-based supervision of insurance sector. It highlights that under the revised insurance legislation, the Insurance Regulatory Authority of Uganda (IRA) will be requiring nonlife insurers to provide certification for adequacy of technical provisions by an actuary as is currently required for life insurers. When the requirement comes into effect, it will be necessary for it to be supported by guidance from IRA in terms of its expectations for the actuarial reports to be filed. This will ensure consistency in reporting to the IRA and that the reports will provide the information needed by the IRA for supervisory purposes