Tanzania insurance industry: 2015 results

Tanzania insurance industry: turnover per life and non life company: 2014-2015

Figures in thousands

	2014 turnover		2015 turnover		2015 shares	2014-2015 evolution⁽¹⁾
	In TZS	In USD	In TZS	In USD	2015 shares	2014-2015 evolution⁽¹⁾
Non life insurance companies
Jubilee	79 679 000	46 843	81 856 000	38 685	13.2%	2.7%
Alliance	51 483 000	30 267	59 797 000	28 260	9.7%	16.1%
Heritage	41 421 000	24 351	47 685 000	22 536	7.7%	15.1%
AAR	38 991 000	22 923	44 810 000	21 177	7.2%	14.9%
Reliance	32 434 000	19 068	34 109 000	16 120	5.5%	5.2%
UAP	22 751 000	13 375	29 484 000	13 934	4.8%	29.6%
Britam	20 286 000	11 926	24 724 000	11 685	4%	21.9%
Metropolitan	28 282 000	16 627	24 684 000	11 666	4%	-12.7%
Phoenix	20 958 000	12 321	24 617 000	11 634	4%	17.5%
Strategis	13 638 000	8 018	19 569 000	9 248	3.2%	43.5%
NIC	17 951 000	10 554	19 051 000	9 003	3.1%	6.1%
ZIC	16 066 000	9 445	18 426 000	8 708	3%	14.7%
First	15 231 000	8 954	17 710 000	8 370	2.9%	16.3%
Tanzindia	15 824 000	9 303	15 298 000	7 230	2.5%	-3.3%
IGT	13 630 000	8 013	14 618 000	6 908	2.3%	7.2%
Icea Lion	16 653 000	9 790	13 598 000	6 426	2.2%	-18.3%
Sanlam General	10 094 000	5 934	13 569 000	6 413	2.2%	34.4%
Mgen	9 621 000	5 656	10 437 000	4 933	1.7%	8.5%
Maxinsure	9 267 000	5 448	9 414 000	4 449	1.5%	1.6%
Bumaco	5 636 000	3 314	7 251 000	3 427	1.2%	28.7%
Mo	5 433 000	3 194	5 669 000	2 679	0.9%	4.3%
Star General	3 250 000	1 911	4 801 000	2 269	0.8%	47.7%
Resolution	3 208 000	1 886	4 135 000	1 954	0.6%	28.9%
GA	913 000	537	2 845 000	1 345	0.4%	211.6%
Milembe	1 281 000	753	2 011 000	950	0.3%	57%
Total non life companies	493 981 000	290 411	550 168 000	260 009	88.9%	11.4%
Life insurance companies
Sanlam Life	33 045 000	19 427	40 179 000	18 988	6.5%	21.6%
NIC	14 540 000	8 548	14 300 000	6 759	2.3%	-1.6%
Alliance Life	9 721 000	5 715	10 169 000	4 806	1.6%	4.6%
Jubilee Life	2 705 000	1 590	3 466 000	1 638	0.6%	28.2%
Metropolitan Life	409 000	241	577 000	272	0.1%	41.1%
Total life companies	60 420 000	35 521	68 691 000	32 463	11.1%	13.7%
Total	554 401 000	325 932	618 859 000	292 472	100%	11.6%

⁽¹⁾ growth rate in local currency

Tanzania insurance industry: turnover per class of business: 2014-2015 2014-2015

Figures in thousands

	2014 turnover		2015 turnover		2015 shares
	In TZS	In USD	In TZS	In USD	2015 shares
Non life insurance
Fire	85 725 000	50 398	105 542 000	49 879	17.1%
Engineering	27 615 000	16 235	18 902 000	8 933	3%
Motor	185 370 000	108 979	206 358 000	97 525	33.3%
Marine ⁽¹⁾	33 245 000	19 544	31 491 000	14 882	5.1%
Accident	49 782 000	29 267	60 100 000	28 403	9.7%
Health	91 936 000	54 049	103 216 000	48 780	16.7%
Other risks ⁽²⁾	20 308 000	11 939	24 559 000	11 607	4%
Total non life	493 981 000	290 411	550 168 000	260 009	88.9%
Life insurance
Ordinary life insurance	16 444 000	9 667	16 930 000	8 001	2.7%
Group life insurance	43 471 000	25 557	51 373 000	24 279	8.3%
Others	505 000	297	388 000	183	0.1%
Total life	60 420 000	35 521	68 691 000	32 463	11.1%
Grand total	554 401 000	325 932	618 859 000	292 472	100%

Turnover per class of business in 2015

tanzania turnover life non life insurance

⁽¹⁾ ncluding aviation
⁽²⁾ including oil and gaz Source: TIRA (Tanzania Insurance Regulatory Authority)

Exchange rate TZS/USD as at 31/12	2014	2015
Exchange rate TZS/USD as at 31/12	0.0005879	0.0004726

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Fri, 14/04/2017 - 09:40

Tanzania insurance industry: 2015 results

Tanzania insurance industry: turnover per life and non life company: 2014-2015

Tanzania insurance industry: turnover per class of business: 2014-2015 2014-2015

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