Tanzanian insurance market
In thousands
| Companies | 2022 turnover | 2021 turnover | 2021-2022 evolution (1) | 2022 shares | ||
|---|---|---|---|---|---|---|
| TZS | USD | TZS | USD | |||
| Motor | 287 246 000 | 123 516 | 264 738 000 | 113 837 | 8.50% | 25.26% |
| Fire | 177 740 000 | 76 428 | 160 189 000 | 68 881 | 10.96% | 15.63% |
| Health | 139 278 000 | 59 890 | 137 165 000 | 58 981 | 1.54% | 12.25% |
| Engineering | 98 433 000 | 42 326 | 27 373 000 | 11 771 | 259.60% | 8.66% |
| Accident | 65 876 000 | 28 327 | 52 481 000 | 22 567 | 25.52% | 5.79% |
| Marine | 34 841 000 | 14 982 | 32 311 000 | 13 894 | 7.83% | 3.06% |
| Aviation | 33 057 000 | 14 215 | 35 298 000 | 15 178 | -6.35% | 2.91% |
| Energy | 5 708 000 | 2 454 | 519 000 | 223 | 999.81% | 0.50% |
| Other risks | 52 943 000 | 22 765 | 36 372 000 | 15 640 | 45.56% | 4.65% |
| Total non-life | 895 122 000 | 384 903 | 746 446 000 | 320 972 | 19.92% | 78.71% |
| Total life | 242 163 000 | 104 130 | 165 045 000 | 70 969 | 46.73% | 21.29% |
| Grand total | 1 137 285 000 | 489 033 | 911 491 000 | 391 941 | 24.77% | 100% |
(1) Evolution in local currency
Exchange rate as at 31/12/2022 : 1 TZS = 0.00043 USD ; as at 31/12/2021 :1 TZS = 0.00043 USD
Read also | Insurance companies in Tanzania
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