Tanzania:Insurance market shows double-digit growth over 4 years to 2024

By MEIR team | 02 Sep 2025

Tanzania Life & Health Regulation Property & Casualty Financial Performance

Insurance premiums written in the insurance market increased to TZS1.42tn ($565.7m) in 2024 from TZS911.5bn in 2021, equivalent to a growth of 55.6% over the four years, averaging an annual increase of 11.7%, according to a report released by the Tanzania Insurance Regulatory Authority (TIRA).

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