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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Tanzanian non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Tanzania's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Tanzania non-life (P&C) market as well as trends by line of business. Axco analysts also report on Tanzania's economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers.
The report describes Tanzania's insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Tanzania, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.
View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in Tanzania, their market share and investigates how much premium is written through the sector’s different distribution channels.
Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in Tanzania with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
The Tanzanian market continues to show one of the lowest penetration rates in the world, along with several other countries in the region. In 2017 the country ranked 154th in the world after regional countries Uganda and Burundi. The market continues to suffer from insufficient numbers of qualified experienced insurance professionals and reliance is placed on attracting suitable employees on an expatriate basis largely from regional markets such as Kenya, Zimbabwe and South Africa ....
This is a brief extract of information; more updated information may be available in the latest published report.