Magazine date:
Apr 2017 Tanzania insurance industry: turnover per life and non life company: 2014-2015
Figures in thousands2014 turnover | 2015 turnover | 2015 shares | 2014-2015 evolution(1) | |||
---|---|---|---|---|---|---|
In TZS | In USD | In TZS | In USD | |||
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% |
Tanzania insurance industry: turnover per class of business: 2014-2015 2014-2015
Figures in thousands2014 turnover | 2015 turnover | 2015 shares | |||
---|---|---|---|---|---|
In TZS | In USD | In TZS | In USD | ||
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
(1) ncluding aviation(2) including oil and gaz Source: TIRA (Tanzania Insurance Regulatory Authority)
Exchange rate TZS/USD as at 31/12 | 2014 | 2015 |
0.0005879 | 0.0004726 |