Magazine date:
Mar 2023  | DATE OF CREATION : 8 november 2001, Tanzania |
| CLASSES OF BUSINESS : Life and non life | |
| MAIN UNDERWRITING ZONES: Africa, Middle East and Asia |
Tan Re : contact
| Adress: 8ème étage, TAN-RE House - Longido Street - Plot No. 406 Upanga - P.O. Box 1505 - Dar es Salam, Tanzania |
| Tel: +255 (22) 2922341-3 |
| Fax: +255 (22) 2922344 |
| Email: mail [at] tan-re [dot] co [dot] tz |
| Website: www.tan-re.co.tz [4] |
Tan Re : rating
| Agency | Rating | Outlook |
| GCR | A (national business) | Stable |
| GCR | B- (international business) | Negative |
Tan Re : main indicators
in thousands USD| 2020 | 2021 | |
| Turnover | 60 475 | 71 204 |
| Shareholder’s equity | 34 498 | 37 703 |
| Net result | 3 362 | 4 129 |
Tan Re : turnover 2021 by class of business
in thousands USD| Premiums | In % | |
| Fire | 17 922 | 25.17% |
| Marine (1) | 16 383 | 23.1% |
| Accident | 13 610 | 19.11% |
| Motor | 10 864 | 15.26% |
| Engineering | 4 002 | 5.62% |
| Health/td> | 1 793 | 2.52% |
| Total non life | 64 574 | 90.69% |
| Life | 6 630 | 9.31% |
| Grand total | 71 204 | 100% |
(1) Including aviation
Tan Re : capital and shareholding
| Shareholders | In % |
| Pension funds | 45% |
| Insurance companies | 25% |
| Foreign investors | 10% |
| Institutional investors | 10% |
| Others | 10% |
 | |
Tan Re : technical ratios
| 2020 | 2021 | |
| Net loss ratio | 49.31% | 52.25% |
| Net management expenses ratio | 34.8% | 34.85% |
| Net combined ratio | 84.11% | 87.1% |
Tan Re : management
| Wilson Ndesanjo | Chairman of the board |
| Rajab. S. Kakusa | Chief executive officer |
| Ernest Koroso | Chief finance & administration officer |
| Alex Ndossy | Chief operating officer |
| Seth Wilson | Head of internal audit, risk and compliance |
Exchange rate as at 31/12/2020 : 1 TZS = 0.00043 USD ; as at 31/12/2021 : 1 TZS = 0.00043 USD
Source : Tan Re
Read also | Tanzanian insurance market [5]
