Tanzania insurance market share, competative market-sweet TIRA

DESPITE various social and economic challenges over the couple of years, including rising inflation, chronic power blues, frequent accidents on the roads and sea, as well as cases of fire, Tanzania's insurance industry has maintained a robust growth.

According to the Tanzania Insurance Regulatory Authority (TIRA), there were 26 insurers licensed to conduct general and life insurance business in the country, as of June 30, 2011. Of these, 21 are general insurers, two life insurers and three composite companies -- operating both life and general insurers. Tanzania insurance market share, competative market-sweet  TIRA