Tanzanian insurance market
In thousands
| 2021 turnover | 2020 turnover | 2020-2021 evolution (1) | 2021 shares | |||
|---|---|---|---|---|---|---|
| TZS | USD | TZS | USD | |||
| Motor | 264 738 000 | 113 837 | 227 174 000 | 97 685 | 16.54% | 29.05% |
| Fire | 160 189 000 | 68 881 | 147 236 000 | 63 311 | 8.80% | 17.57% |
| Health | 137 165 000 | 58 981 | 136 206 000 | 58 569 | 0.70% | 15.05% |
| Marine | 52 481 000 | 22 567 | 30 940 000 | 13 304 | 69.62% | 5.76% |
| Aviation | 35 298 000 | 15 178 | 26 261 000 | 11 292 | 34.41% | 3.87% |
| Accident | 32 311 000 | 13 894 | 51 152 000 | 21 995 | -36.83% | 3.54% |
| Engineering | 27 373 000 | 11 771 | 31 704 000 | 13 633 | -13.66% | 3.00% |
| Energy | 519 000 | 223 | 2 788 000 | 1 199 | -81.38% | 0.06% |
| Other risks | 36 372 000 | 15 640 | 35 183 000 | 15 129 | 3.38% | 3.99% |
| Total non-life | 746 446 000 | 320 972 | 688 644 000 | 296 117 | 8.39% | 81.89% |
| Total life | 165 044 000 | 70 969 | 135 705 000 | 58 353 | 21.62% | 18.11% |
| Grand total | 911 490 000 | 391 941 | 824 349 000 | 354 470 | 10.57% | 100% |
(1) Evolution in local currency
Exchange rate as at 31/12/2021: 1 TZS = 0.00043 USD ; as at 31/12/2020: 1 TZS = 0.00043 USD
Read also | Insurance companies in Tanzania
