Microinsurance Landscape 2015 – Inclusive Insurance Focus Note Series

FSDT, Technical Working Group | FSDT

In 2015, the Microinsurance Landscape Survey conducted by the FSDT and the Technical Working Group showed that microinsurance products are covering 4.5 million people, 18% of the adult population. This cover is provided by 6 active insurance companies, one fewer than in 2014. The total gross written premiums (GWP) for all microinsurance products was USD 5.7 million, only 2% of the total GWP for the whole industry. Evidently the microinsurance sector represents a very small proportion of the whole in Tanzania. However, it is growing steadily as more and more insurers realize the business opportunities presented by more inclusive insurance products.

Categories:
Tanzania, Legal & Regulatory Environment, Microinsurance
Pages:
20
Year of publication:
31.05.2017
External Document: