Uganda Insurance Commission
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High Quality Content by WIKIPEDIA articles! The Uganda Insurance Commission was established by an Act of Parliament in 1996. According to its website, the mandate of the commission is "to supervise and regulate the insurance industry in Uganda." Commission offices are located in Kampala; the position of Commissioner of Insurance is currently vacant. Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium...
High Quality Content by WIKIPEDIA articles! The Uganda Insurance Commission was established by an Act of Parliament in 1996. According to its website, the mandate of the commission is "to supervise and regulate the insurance industry in Uganda." Commission offices are located in Kampala; the position of Commissioner of Insurance is currently vacant. Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium, and can be thought of as a guaranteed and known small loss to prevent a large, possibly devastating loss. An insurer is a company selling the insurance; an insured or policyholder is the person or entity buying the insurance. The insurance rate is a factor used to determine the amount to be charged for a certain amount of insurance coverage, called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.
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