Alliance Insurance is in great shape

Alliance Insurance Corporation (AIC) has posted a volume of net earned premiums worth 26.55 billion TZS (15.6 million USD) in 2014, compared to 20.72 billion TZS (13.3 billion USD) at the end of 2013.

Net profits amounted to 6.66 billion TZS (3.9 billion USD), up by 60% compared to the previous year. Since its establishment in 1996 and its first year of activity in 1998, the company has never sustained any loss-making year.

By December 31, 2014, AIC assets were estimated at 82.23 billion TZS (48.3 million USD), attaining 60.05 billion TZS (38.5 million USD) at the end of 2013.

Alliance Insurance was voted best insurance company in 2012, 2013 and 2014 by Superbrand, a British agency specialized in brand analysis worldwide.