The law on reinsurance legal cession in Namibia [4] is subject to debate. In early 2017, the Ministry of Finance introduced a bill to cede 18% of each insurance policy issued or renewed by insurers to NamibRe. The latter has staged a protest against this form of legal cession.
Insurance companies have expressed dissatisfaction with this directive, adding that the State does not have the required capacity to manage insurance policies.
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[3] https://www.atlas-mag.net/en/issue/extreme-risks-insurability
[4] https://www.atlas-mag.net/en/article/legal-cession-namibian-insurers-required-to-comply-with-the-law