SWICO–IBAU CEO Breakfast Meeting — Driving Partnership, Innovation, and Inclusive Insurance
Date: 15th October 2025
Venue: Fairway Hotel, Kampala
The Insurance Brokers Association of Uganda (IBAU), in partnership with Statewide Insurance Company (SWICO), hosted the CEO Breakfast Meeting at Fairway Hotel under the theme “Partnership and Collaboration as Engines for Sustainable Growth.”
The event featured an inspiring keynote address by Prof. Samuel Sejjaaka, whose thought-provoking remarks challenged the industry to rethink its business models in a rapidly evolving financial landscape. Prof. Sejjaaka emphasized that true progress is built on trust, integrity, and shared value, urging insurers and brokers to move from a competitive mindset to one that embraces collaboration. He highlighted customer experience as a crucial differentiator and encouraged the sector to invest in technologies that simplify distribution, noting that in markets like South Africa, a policy can be completed in under three hours.
Drawing from decades of experience in business and finance, he further stressed the importance of long-term strategic thinking, reminding members that wealth creation takes time, discipline, and vision. He asked a powerful question that echoed throughout the room: “How will your business look 40 years from now?”
The professor emphasized that innovation, stronger risk management, and customer-responsive products will be key to keeping the industry relevant. He reaffirmed the essential role insurance plays in stabilizing lives and businesses, noting that a stronger insurance sector contributes directly to Uganda’s economic resilience.
Regulatory Insights from Mr. Bernard Obel
The meeting also featured remarks from Mr. Bernard Obel, Director of Supervision at the Insurance Regulatory Authority (IRA). His address was both insightful and humorous, underscoring the regulator’s commitment to fairness, transparency, and accessibility within the insurance sector. Mr. Obel commended SWICO for its persistence in developing the Dog Insurance product, a process that involved extensive consultations, actuarial reviews, and meeting regulatory requirements.
He encouraged the industry to:
> Innovate beyond traditional product lines
> Address underserved market segments
> Ensure affordability and inclusivity
> Strengthen customer education
Launch of Uganda’s First Dog Insurance
A major highlight of the breakfast was the official launch of SWICO’s Dog Insurance, the first product of its kind in the country. The innovative cover responds to the growing role of dogs in homes, security, breeding, and wildlife operations.
The product provides cover for: Accidental death, Loss or theft, Third-party liability, Medical expenses, Selected behavioral risks. This product is designed for: Pet owners, Dog breeders, Security companies, Canine units in wildlife and law enforcement
The CEO Breakfast Meeting reinforced the importance of coordinated efforts among insurers, brokers, and regulators. Members highlighted the value of transparent communication, customer-centric product development, and strategies that future-proof the sector.
We are proud to have hosted SWICO for this CEO Breakfast Meeting, facilitating a timely conversation that celebrated innovation while addressing the future of the insurance industry. The discussions highlighted the need for stronger collaboration between insurers and brokers, increased capacity building, and a deeper commitment to customer-centric product development.
