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Uganda's insurance regulator said that new capital requirement laws are likely to drive mergers and acquisitions among local insurers, The Independent reported citing sources. Ibrahim Kaddunabbi Lubega, chief executive of the Insurance Regulatory Authority of Uganda, said that insurers will need to maintain capital according to their risk profile under the new risk-based supervision framework. The regulator could implement the new rules by the end of this year or in early 2019, the sources said.