A significant fall in the market results

According to Uganda Insurance Commission, the sector's development has sustained a slowdown in the recent three years. The growth rate which was 24.63% in 2004 dropped to 12.22% in 2005.

As to the overall gross premium volume, it rose from 80.7 billion UGX (46.5 million USD) in 2004 to 90 billion UGX (51.8 million USD) in 2005.