Enabling InsurTech
Innovation

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 

Program Overview

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: 

infrastructure-solid

Shared Infrastructure​

Leverage Shared Infrastructure and Open Platforms to accelerate innovation​

Tech-empowered Talent​

Develop a tech-empowered insurance workforce​

Market Development​

Increase awareness of, access to, and consumption of insurance products through omnichannel experiences​

Connected Ecosystem​

Foster a connected ecosystem, leveraging data to scale​

About IRA

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

About Innovation Village

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

About Future Lab Studio

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. 

Join

IRA InsureX provides Technical Assistance and Business Development Services, enabling solution providers to: 

The program provides high-touch Business solution providers with: 

Partner with us

The program supports solution providers to accelerate building, testing, refining and deploying technology-enabled insurance solutions

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​

Potential program partners typically have:

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

Journey

Interested partners follow a simple journey to join 

Step 1
Apply
Fill out a complete application​
Step 1
Step 2
Initial Conversation​
Where you meet the minimum criteria, we will reach out to have a brief initial conversation to better understand your needs
Step 2
Step 3
Application Review​
The evaluation team will then formally review your application
Step 3
Step 4
Product Incubation/ Acceleration​
Where accepted, starting with a detailed needs analysis, the program provides support to build, refine, test and deploy solutions, connecting you to various opportunities and tools to do so faster ​
Step 4
Step 5
Regulatory Sandbox Application​
The program supports you to prepare and submit a compliant application​
Step 5
Step 6
Regulatory Sandbox Residency​
The program provides additional support to refine solutions to meet market feedback and to prepare for regulatory approval​
Step 6
Step 7
Graduation​
Your solution graduates the Sandbox, gaining regulatory approval. Solution joins various Partner Programs to accelerate scale ​
Step 7

Join the program today

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