The Insurance Training College (ITC) officially entered a strategic partnership with Makerere University to advance actuarial science education. By signing a Memorandum of Understanding (MoU), both institutions committed to creating a direct pathway for students to become qualified, job-ready professionals.
The Mou, signed on 6th May 2025, will be implemented through the College of Business and Management Sciences (CoBAMS). It is designed to blend academic excellence with industry relevance, benefiting students and the wider financial services sector.
Under the agreement, students can access professional certification opportunities at ITC, practical/internship training, research collaboration, career guidance sessions and exposure to industry professionals. In particular, Actuarial Science students will benefit from the exemptions, accelerating their transition into the insurance and risk management workforce.
During the event, Saul Sseremba, CEO of ITC, emphasized the College’s role in training and regulation within the sector. “Our mandate is to professionalise the insurance industry in Uganda and across the region. This collaboration allows us to reach students early, offer them relevant skills, and build a future-ready workforce,” he said.
Prof. Barnabas Nawangwe, the Vice Chancellor of Makerere University, welcomed the partnership as a timely and strategic move. He noted the growing importance of insurance in Uganda’s development journey. “As the country prepares for economic expansion through industrialization and oil production, we are pleased to collaborate with ITC to ensure that our students leave the university not only with academic knowledge, but also the professional skills needed in today’s market,” he said.
Prof. Nawangwe mentioned that the collaboration will also support curriculum development and capacity building for lecturers, noting that “to align academic programs with current market demands, both institutions are working to create a seamless bridge from university to employment.”
Prof. Bbaale Edward, the Principal CoBAMS, echoed the importance of the collaboration: “Collaborations with professional bodies such as ITC ensure that our students are not only academically grounded but also professionally prepared to meet industry demands.”
Beyond undergraduate programs, there are plans to extend this partnership to postgraduate training and research. By pairing university researchers with insurance practitioners who possess real-world data and experience, both institutions hope to generate impactful insights and policy recommendations for the sector.
Collaborations with Ndejje University, Mbarara University of Science and Technology (MUST), and Islamic University in Uganda (IUIU), among others, have significantly raised awareness and provided capacity-building and networking opportunities for university students. ITC is building a pipeline of industry-ready graduates through these partnerships who will drive innovation, compliance, and resilience within the insurance ecosystem.
ITC is dedicated to fostering academic-industry partnerships, expanding student career pathways, and advancing applied research for sustainable development.
Also present at the signing were Sylvia Kajubi, Deputy Principal; Sulaiman Ddumba, Academic Registrar; Asiimwe Rodgers, Head of Human Resources; and IT and Audit Managers Shamiru Kwesiga and Jimmy Kabahuma.