41% of premiums ceded to foreign reinsurers

In 2006, the Ugandan insurance companies conceded 41% of their premiums to foreign reinsurers, that is, 40 billion UGX (23.8 million USD) out of the 102 billion UGX (60.8 millionUSD) collected.
In the course of the recent ten years, insurance companies' retention has fallen from 65% to 59%, which has prompted the authorities to envisage the project of establishing a national reinsurance company: Uganda Re.