Lion Assurance won the runner-up award in the Insurance Services sub-category of the recently concluded 2012 Financial Reporting (FiRe) Awards.
The Financial Reporting (FiRe) Awards aim at encouraging the implementation of financial reporting standards as well as improving the quality of financial and business reporting in Uganda. They provide an opportunity to organizations that participate, to benchmark their reports against the set criteria of good financial reports.
Good financial reporting is a prerequisite for raising funds at any capital market. The Institute of Certified Public Accountants (ICPAU), Uganda Security Exchange (USE) & Capital Marketing Authority (CMA) strongly support consistent and high quality financial reporting in all sectors of the economy.
The FiRe Awards were held at the Kampala Serena Hotel on the 28th of October and were attended by representatives from the Financial sector, Insurance Industry, Social Development sector and the Media.