Critical Examination of the Law of Insurance with Specific Reference to Motor Vehicle Insurance in Uganda

 Ezra Tony Lubwama

School of Law Kampala International University, Uganda

ABSTRACT

The article analyses the law of insurance with specific reference to motor vehicle insurance in Uganda. It has been concluded that there is a measure of familiarity with insurance products in the market although this is majorly limited to covers that relate to motor vehicle insurance (especially third party), fire, burglary and medical insurance. It is in this light that the article calls for the public to be sensitized about insurance in general and also about specific products and services. This will help increase knowledge from just the understanding of the word “insurance, to how insurance works exactly. The study equally recommends the introduction of more tailor-made products. This might help dispel the notion that insurance is expensive and help more people readily see how insurance can be applied to their everyday lives. Furthermore, the relationship between the government especially between the Ministry of Finance, IRA and insurance companies needs to be strengthened to ensure that an enabling business and regulatory environment is established for the industry. Finally, there is need for the insurance players to intensify the training and retraining of their staff and agents to make them skilled, competent and professional. This will help in building consumer confidence in the insurance industry.

Keywords: Insurance cover, Insured, Insurer, Legal framework, Motor vehicle insurance.

CITE AS: Ezra Tony Lubwama (2024). Critical Examination of the Law of Insurance with Specific Reference to Motor Vehicle Insurance in Uganda. RESEARCH INVENTION JOURNAL OF LAW, COMMUNICATION AND LANGUAGES 3(1):7-13.