The Insurance Regulatory Authority (IRA) has decreed that effective January 2021, all cars seeking comprehensive insurance must have a pre-installed tracking systems.
The directive, IRA said, follows an increase in car thefts that has seen insurer record a sharp increase in motor vehicle-related claims.
“… the Authority [IRA] hereby directs all non-life insurers to ensure that with effect from January 1, 2021, all motor comprehensive policies renewed [or] issued must be for motor vehicles which are fitted with anti-theft car tracking systems [or] gadgets.
The cost of installation of the car tracking systems is to be borne by the policyholder,” a notice signed by Ibrahim Lubega Kaddunabbi, the IRA chief executive officer, reads in part.