Magazine date:
Mar 2024 Non life insurance companies in Tanzania
In thousands| Companies | 2022 turnover | 2021 turnover | 2021-2022 evolution (1) | 2022 shares | ||
|---|---|---|---|---|---|---|
| TZS | USD | TZS | USD | |||
| NIC | 139 980 000 | 60 191 | 70 203 000 | 30 187 | 99.39% | 12.31% |
| Strategis | 93 325 000 | 40 130 | 82 967 000 | 35 676 | 12.48% | 8.21% |
| Alliance | 90 309 000 | 38 833 | 76 233 000 | 32 780 | 18.46% | 7.94% |
| Jubilee Allianz | 71 542 000 | 30 763 | 93 495 000 | 40 203 | -23.48% | 6.29% |
| Heritage | 55 288 000 | 23 774 | 56 971 000 | 24 498 | -2.95% | 4.86% |
| Phoenix | 42 057 000 | 18 084 | 36 194 000 | 15 563 | 16.20% | 3.70% |
| Reliance | 40 664 000 | 17 485 | 34 588 000 | 14 873 | 17.57% | 3.58% |
| ZIC | 34 910 000 | 15 011 | 20 325 000 | 8 740 | 71.76% | 3.07% |
| Sanlam General | 34 297 000 | 14 748 | 27 506 000 | 11 828 | 24.69% | 3.02% |
| Mayfair | 33 468 000 | 14 391 | 27 081 000 | 11 645 | 23.58% | 2.94% |
| Britam | 32 854 000 | 14 127 | 36 172 000 | 15 554 | -9.17% | 2.89% |
| Jubilee Health | 31 702 000 | 13 632 | - | - | - | 2.79% |
| Assemble | 30 106 000 | 12 946 | 31 243 000 | 13 434 | -3.64% | 2.65% |
| Meticulous | 25 525 000 | 10 976 | 28 922 000 | 12 436 | -11.75% | 2.24% |
| MO | 24 241 000 | 10 424 | 20 633 000 | 8 872 | 17.49% | 2.13% |
| ICEA Lion | 18 699 000 | 8 041 | 17 255 000 | 7 420 | 8.37% | 1.64% |
| Tanzindia | 16 583 000 | 7 131 | 13 060 000 | 5 616 | 26.98% | 1.46% |
| UAP | 16 530 000 | 7 108 | 16 016 000 | 6 887 | 3.21% | 1.45% |
| Bumaco | 16 348 000 | 7 030 | 14 450 000 | 6 213 | 13.13% | 1.44% |
| First | 15 150 000 | 6 514 | 12 760 000 | 5 487 | 18.73% | 1.33% |
| GA | 11 093 000 | 4 770 | 8 240 000 | 3 543 | 34.62% | 0.98% |
| Maxinsure | 7 190 000 | 3 092 | 3 262 000 | 1 403 | 120.42% | 0.63% |
| Milembe | 5 425 000 | 2 333 | 4 053 000 | 1 743 | 33.85% | 0.48% |
| Mgen | 5 406 000 | 2 324 | 4 137 000 | 1 779 | 30.67% | 0.47% |
| IGT | 2 430 000 | 1 045 | 6 884 000 | 2 960 | -64.70% | 0.21% |
| Resolution (2) | - | - | 3 796 000 | 1 632 | - | - |
| Beema Star | - | - | - | - | - | - |
| Total non-life | 895 122 000 | 384 903 | 746 446 000 | 320 972 | 19.92% | 78.71% |
| Total life | 242 163 000 | 104 130 | 165 045 000 | 70 969 | 46.73% | 21.29% |
| Grand total | 1 137 285 000 | 489 033 | 911 491 000 | 391 941 | 24.77% | 100% |
Life insurance companies in Tanzania
In thousands| Companies | 2022 turnover | 2021 turnover | 2021-2022 (1) | 202 shares | ||
|---|---|---|---|---|---|---|
| TZS | USD | TZS | USD | |||
| Sanlam Life | 163 114 000 | 70 139 | 110 067 000 | 47 328 | 48.20% | 14.34% |
| Alliance Life | 33 761 000 | 14 517 | 20 327 000 | 8 741 | 66.09% | 2.97% |
| NIC | 19 135 000 | 8 228 | 10 993 000 | 4 727 | 74.07% | 1.68% |
| Jubilee Life | 14 286 000 | 6 143 | 13 021 000 | 5 599 | 9.72% | 1.26% |
| Metropolitan Life | 11 542 000 | 4 963 | 10 483 000 | 4 508 | 10.10% | 1.01% |
| Bumaco Life | 325 000 | 140 | 154 000 | 66 | 111.04% | 0.03% |
| Total life | 242 163 000 | 104 130 | 165 045 000 | 70 969 | 46.73% | 21.29% |
| Total non-life | 895 122 000 | 384 903 | 746 446 000 | 320 972 | 19.92% | 78.71% |
| Grand total | 1 137 285 000 | 489 033 | 911 491 000 | 391 941 | 24.77% | 100% |
(1) Evolution in local currency
(2) In liquidation
Exchange rate as at 31/12/2022 : 1 TZS = 0.00043 USD ; as at 31/12/2021 :1 TZS = 0.00043 USD
Read also | Tanzanian insurance market [4]
