Insurance Regulatory Authority of Uganda Inspection Officer -Life Jobs in Uganda

Insurance Regulatory Authority of Uganda Inspection Officer -Life Jobs in Uganda

Purpose

Monitor and accelerate the growth of the Life products through supporting the Manager
Inspection in achieving the set operational and institutional targets in accordance with the
provisions of the Insurance Act 2017

Duties and Responsibilities

Carry out Off-Site and On-Site Inspection of Life insurance companies, insurance brokers, and loss assessors/adjusters.

Review licence applications for Life insurance companies, insurance brokers, loss assessors/adjusters and insurance agents.

Respond to and follow-up on issues raised in the inspection of and other correspondence with insurance players.

Monitor the implementation of the provisions of the Insurance Act 2000 (as amended) and advice on the adequacy of the laws and regulations.

Review proposals and policy forms, reinsurance arrangements and premium rates for life insurance companies.

Provide insurance advice to external entities.

Advise management and external entities on issues regarding Life insurance.

Analyse and prepare draft reports for management on issues regarding life insurance.

Any other duties assigned from time to time.

Key Performance Indicators

Timely submission of inspection reports_

Response to inquiries,

Conduct periodic inspection.

Compliance to statutory regulations.

Person Specifications

Qualifications

A relevant Bachelor's (Honors) degree or its equivalent from a recognized University or higher
institution of learning.

Competencies

Personal presentation

Analytical Abilities

Knowledge of Insurance Principles

Interpersonal Skills

Organizational Skills

Communication Skills

How to Apply

For more information and job application details, see; Insurance Regulatory Authority of Uganda Inspection Officer -Life Jobs in Uganda

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