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Tanzanian insurance market in 2024 : turnover per class of business
March 10, 2026
In thousands
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| Class of business | 2024 turnover | 2023 turnover | 2023-2024 evolution (1) | 2024 shares | ||
| TZS | USD | TZS | USD | |||
| Motor | 379 968 000 | 155 787 | 337 959 000 | 135 184 | 12.4% | 26.1% |
| Fire | 202 915 000 | 83 195 | 183 920 000 | 73 568 | 10.3% | 14.0% |
| Health | 187 478 000 | 76 866 | 161 023 000 | 64 409 | 16.4% | 12.9% |
| Engineering | 75 989 000 | 31 155 | 40 351 000 | 16 140 | 88.3% | 5.2% |
| Aviation | 59 473 000 | 24 384 | 50 320 000 | 20 128 | 18.2% | 4.1% |
| Marine | 43 426 000 | 17 805 | 46 611 000 | 18 644 | -6.8% | 3.0% |
| Caution | 39 563 000 | 16 221 | 40 710 000 | 16 284 | -2.8% | 2.7% |
| Third party liability | 35 142 000 | 14 408 | 23 654 000 | 9 462 | 48.6% | 2.4% |
| Other risks (2) | 120 708 000 | 49 490 | 90 118 000 | 36 047 | 33.9% | 8.3% |
| Non-life total | 1 144 662 000 | 469 311 | 974 666 000 | 389 866 | 17.4% | 78.7% |
| Life total | 308 993 000 | 126 687 | 262 693 000 | 105 077 | 17.6% | 21.3% |
| Grand total | 1 453 655 000 | 595 998 | 1 237 359 000 | 494 943 | 17.5% | 100% |
(1) Growth rate in TZS
(2) Including accidents, energy, agriculture, theft, and travel insurance
Exchange rate as at 12/31/2024: 1 TZS = 0.00041 USD; as at 12/31/2023: 1 TZS = 0.0004 USD
Read also | Insurance companies in Tanzania
