IRA InsureX is a product incubator and accelerator supporting Founders and Executives building the next generation of technology-enabled insurance solutions working to increase resilience across households, enterprises and the economy
The Innovation Village through Future Lab Studio partnered with Insurance Regulatory Authority (IRA) to develop the IRA InsureX Program – an initiative leveraging technology innovation towards doubling insurance penetration by 2025.
The program is accelerating building and scaling technology-enabled insurance solutions through:
Leverage Shared Infrastructure and Open Platforms to accelerate innovation
Develop a tech-empowered insurance workforce
Increase awareness of, access to, and consumption of insurance products through omnichannel experiences
Foster a connected ecosystem, leveraging data to scale
The Insurance Regulatory Authority of Uganda is a Corporate Body, continued in existence by the Insurance Act No.6 of 2017 as the Supervisor and Regulator of Insurance Business in Uganda with the objective of promoting effective competition in the insurance industry, in interest of consumers and the growth and development of an inclusive insurance sector among others. Learn more
The Innovation Village is a launchpad for leading entrepreneurs and innovators working to solve our most pressing challenges using technology. Every day, we devise avenues to leverage innovation, entrepreneurship, and technology to deliver lasting solutions to challenges in the world.
We aim to create a destination that grows companies that matter and is centered around solving the biggest industry and community challenges. We do this by converging Network, Talent, Capital, and Physical Assets leading Uganda and the region into industry 4.0. Learn More
Future Lab Studio is the unit of Innovation Village that provides Business Development Services and advice to Startups, Scaleups and Corporates leveraging technology to identify, build and scale solutions for the Hard-to-Reach.
IRA InsureX provides Technical Assistance and Business Development Services, enabling solution providers to:
The program provides high-touch Business solution providers with:
Existing Licensed Player
Existing Insurance Solutions Needing Digitalization
Tech-enabled Solution Seeking To Embed Insurance offerings
Startups and Corporates Building Insurance Solutions
Foreign Solutions Seeking To Enter Uganda
The product, technical and operations capacity to build, test and deploy the solution, or the capacity to absorb such capabilities
At least one domain expert per target value chain
Existing distribution channels through which to deploy the envisaged solutions, or around which to refine or develop new routes-to-market
Interested partners follow a simple journey to join
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