Racheal Naggayi Kyaligonza Joins Panel Discussion on ESG Insurance Regulation
Racheal Naggayi Kyaligonza Joins Panel Discussion on ESG Insurance Regulation
Racheal Naggayi Kyaligonza, Head of Financial Operations at Uganda Re, participated in a high-level panel discussion on ESG (Environmental, Social & Governance) Insurance Regulation. The discussion was part of the ESG in Insurance Regulation Capacity Building Workshop, an event organized by the Insurance Regulatory Authority of Uganda (IRA UGANDA) and FSD Africa at the Sheraton Hotel, Kampala. During her presentation, Racheal emphasized the growing importance of sustainability in the African reinsurance sector. She highlighted that ESG compliance is now a key factor in attracting business and securing global partnerships. More clients are prioritizing sustainability when selecting business partners, making it a critical element for long-term success in the industry.
Drawing from Uganda Re’s experience, Racheal underscored the significance of strategic partnerships and investments in promoting sustainability. She pointed to collaborations with key players like ZEP-RE (PTA Reinsurance Company) and the Uganda Insurers Association (UIA) as clear examples of how ESG initiatives add value. She further explained that strong ESG compliance enhances a company’s reputation, strengthens business relationships, and mitigates long-term risks that could impact profitability. During her presentation, Racheal emphasized the growing importance of sustainability in the African reinsurance sector. She highlighted that ESG compliance is now a key factor in attracting business and securing global partnerships. More clients are prioritizing sustainability when selecting business partners, making it a critical element for long-term success in the industry.
The panel discussion was moderated by Elias Omondi, Principal for Innovation for Resilience at FSD Africa and featured prominent industry leaders, including:
- Jonan Kisakye ACII ACSI – CEO, Uganda Insurers Association (UIA)
- Milton Asiimwe– Country Manager, ZEP-RE (PTA Reinsurance Company)
- Ethel Mulondo, ACG, MBA-Edinburgh– Manager, Regulations, Drafting & Compliance, IRA UGANDA
- Scott Williams– ESG Coordinating Director, Marsh Advisory Services.
