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By Musa Mbogo

The Insurance Training College (ITC) has concluded its three-day insurance industry stakeholders’ week with a number of activities, including a graduation ceremony during which over 1,200 graduated from the education institution.

Dignitaries from different companies and several African countries graced the dinner held at Africana Hotel in Kampala. These included: African Insurance Organization (AIO) President Dr Ben Kajwanga, who was also the guest of honour; Hajji Kaddunabbi Lubega, who is the Executive Director of the Insurance Regulatory Authority Uganda (IRA); and Ronald Zaake, the ITC Board Chairman. These guests led the awarding session where different practitioners who have been certified at various professional levels were recognized. Zaake awarded those that were given a certificate member titles whereas Kajwanga gave awards to those who were elevated to an Honorary Associate member status. Three members attained the certificate member status; four were elevated to the Honorary Associate Member rank; while 24 attained the Associate Member rank.

Addressing guests, ITC Principal Saul Sseremba was glad that the college had added over 1,200 insurers. Sseremba praised members of the college for the milestone, adding that if it wasn’t for their effort, the college couldn’t have hit the milestone. He went on to note that the achievement was an indication that, more than ever before, more people are yearning for – and embracing – professionalism. He also praised IRA for supporting the college’s efforts to promote professionalism.

Sseremba also revealed that the college signed a Memorandum of Understanding (MoU) with the National Curriculum Development Centre (NCDC) with the view of ensuring that insurance is incorporated in both the primary and secondary curriculum in the next three years.

IRA ED Hajji Kaddunabbi Lubega saluted ITC for working towards the important goal of professionalizing the insurance industry in Uganda. He further reiterated the regulatory authority’s commitment to continue supporting the college to achieve its objectives. Hajji Kaddunabbi Lubega reminded insurers that the third insurance performance report was released recently and that the figures therein indicated growth compared to 2021.

The IRA boss further noted that as a sector, they have achieved enough this year. Some of the sector achievements this year include the operationalization of marine insurance as per the insurance policy; readiness to participate in oil and gas consortium; contribution to the National Health Insurance Scheme Bill; as well as the launch of the Insurance Appeals Tribunal.

On his part, Dr Kajwanga, who hails from Kenya, noted that while they have many students back home, they don’t have formal graduation ceremonies like the ITC one he attended because the insurance students complete at a different time. He said that he had learnt something to be taken back home and promised to one day invite ITC to grace a similar event.

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He also expressed great optimism that the ITC was destined for greatness, adding that the college was on the right path to become the premier insurance education institution on the continent. Kajwanga was impressed that within a short time, ITC had managed to put in place several programs and that the quality assurance component of the program is superb.

The President of the African Insurance Organization further thanked the Ugandan insurance regulator for a job well done. Uganda’s Hajji  Kaddunabbi Lubega  is a member of the AIO Executive Board. The insurance organization will in March 2023 hold its annual conference of the general assembly in Algeria. See more in pictures:

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