African insurance regulators counting on technology to grow

Insurance regulators from different countries across Africa are optimistic that maximizing and adapting technological innovations such as Artificial intelligence  (AI) will grow insurance penetration.

The Chief Executive Officer of the Insurance Regulatory Authority (IRA) Uganda, Alhaj Ibrahim Kaddunabi Lubega, revealed that resilience is no longer a choice but rather a necessity in today’s changing world.

“Several challenges such as economic fluctuations, climatic changes and technological disruptions are continuously shaping the global landscape. Therefore the ability to…