AISL Executive Summary
Avec un score AISL ajusté de 52.3/100, Tanzania se classe dans la catégorie « modérément restrictif ». Le marché de l'assurance y pesait 596 millions $ en 2024, pour une pénétration de 2.1% du PIB, en croissance de 20.2% sur un an. Une cession obligatoire s'applique aux réassureurs étrangers (Tan-Re 10-20% + Africa Re 5% + ZEP-RE 10%). Le marché applique par ailleurs plusieurs mécanismes complémentaires : une exigence de capacité locale, une accréditation préalable auprès du régulateur, une retenue à la source et un dispositif de fronting à acceptation spéciale.
Summary written from verified AISL data, not an opinion, a starting point for analysis.
Economy
Capital
Dodoma
Population
68.6 M
GDP
$87.3 B
Currency
TZS
Insurance market
Market size
$596 M
Penetration
2.1%
Density / capita
$9.0
Market growth
20.2%
Regulatory framework
Regulatory openness
Moderate RestrictionsCompulsory cession
Yes
Tan-Re 10-20% + Africa Re 5% + ZEP-RE 10%
Active friction mechanisms
5 / 7
Reference year
2024
AISL Score
Base score
69.3
Adjusted score (friction)
52.3
Regulatory access
35/100
Methodology breakdown
AISL recommendation: WATCH / DEVELOP
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Similar markets
Structurally close profiles to Tanzania, computed on market size, growth, sector structure, environment and founder judgment.
Market (2024)
Vie : 21%
$126.7M
Non-vie : 79%
$469.3M
Total : $596.0M
Total premiums
$596.0M
Penetration
2.1%
Density / capita
$9.0
Growth
20.2%
Number of insurers
36
International comparison
This market is -66% versus the OECD average (6.2% of GDP, 2024) and -61% versus the average across all reporting jurisdictions (5.4%, 2024).
Source: OECD, Global Insurance Market Trends 2025. These averages cover jurisdictions reporting to the OECD, not an exhaustive global sample.
Source: TIRA 2024 Report; Atlas 2024
Macroeconomic context (2025)
GDP growth, 2015–2024
GDP
$87.3 B
GDP growth
5.5%
Population
68,560,157
Inflation
3.1%
Currency
TZS
Source: IMF WEO DataMapper API
Regulatory mechanisms
Tan-Re 10-20% + Africa Re 5% + ZEP-RE 10%
Source: GRF - Reinsurance Trade Barriers and Market Access Issues Worldwide, mai 2026
What this market requires at entry
5 active regulatory mechanisms on this market, with what each one concretely means for entering Tanzania.
"What If" Simulator
Each active friction mechanism removes 3.4 points from this market's score (base score: 69.3, before regulatory friction). Uncheck a mechanism below to simulate its removal and see how many points this market would regain — using the exact AISL scoring formula.
Simulated score
52.3
5 mechanisms active (5 × 3.4 = −17.0 pts)
Market players
31 companies, 2024 premiums in USD millions
Market concentration
ConcentratedHHI 63177
Leader: Sanlam Life Insurance Tanzania Ltd. (14.4%) — 31 companies
HHI = Herfindahl-Hirschman Index, a standard market concentration measure (sum of squared shares). <1500 = competitive, 1500-2500 = moderately concentrated, >2500 = concentrated.
Segment Life (5 companies)
| Company | 2024 premiums (M$) | Market share | Change | 2025(estimated) | 2026(estimated) | 2027(estimated) | 2028(estimated) |
|---|---|---|---|---|---|---|---|
| Sanlam Life Insurance Tanzania Ltd. | 81.0 | 14.4% | +0.1% | 91.1 | 102.5 | 115.3 | 129.7 |
| National Insurance Corporation of Tanzania (Life) Ltd. | 52.0 | 9.3% | +0.4% | 75.1 | 108.5 | 156.7 | 226.4 |
| Jubilee Life Insurance Corporation of Tanzania Ltd. | 14.0 | 2.5% | +0.4% | 19.8 | 28.0 | 39.6 | 56.0 |
| Alliance Life Insurance Co Limited | 13.0 | 2.3% | -0.1% | 11.3 | 9.8 | 8.5 | 7.3 |
| Metropolitan Tanzania Life Assurance Co Ltd | 7.2 | 1.3% | +0.4% | 10.2 | 14.4 | 20.3 | 28.6 |
Segment Non-Life (26 companies)
| Company | 2024 premiums (M$) | Market share | Change | 2025(estimated) | 2026(estimated) | 2027(estimated) | 2028(estimated) |
|---|---|---|---|---|---|---|---|
| Alliance Insurance Corp (T) Ltd | 50.0 | 8.9% | +0.1% | 53.2 | 56.6 | 60.2 | 64.0 |
| Strategis Insurance Tanzania Ltd. | 50.0 | 8.9% | +0.0% | 52.1 | 54.3 | 56.5 | 58.9 |
| The Jubilee Insurance Co of Tanzania Ltd | 34.0 | 6.1% | -0.0% | 33.0 | 32.1 | 31.2 | 30.3 |
| The Heritage Insurance Company Tanzania Ltd. | 26.0 | 4.6% | -0.0% | 25.0 | 24.1 | 23.2 | 22.4 |
| Zanzibar Insurance Corporation | 24.0 | 4.3% | +0.5% | 36.0 | 54.0 | 81.0 | 121.5 |
| Reliance Insurance Co Ltd | 19.0 | 3.4% | +0.0% | 19.0 | 19.0 | 19.0 | 19.0 |
| Phoenix of Tanzania Assurance Company Ltd. | 18.0 | 3.2% | +0.0% | 18.0 | 18.0 | 18.0 | 18.0 |
| Mayfair Insurance Company Tanzania Ltd. | 18.0 | 3.2% | +0.0% | 18.0 | 18.0 | 18.0 | 18.0 |
| Assemble Insurance Tanzania Ltd. | 17.0 | 3.0% | +0.1% | 18.1 | 19.2 | 20.4 | 21.7 |
| Sanlam General Insurance Tanzania Ltd. | 16.0 | 2.9% | +0.0% | 16.0 | 16.0 | 16.0 | 16.0 |
| Jubilee Health Insurance Company of Tanzania Ltd. | 16.0 | 2.9% | +0.1% | 18.3 | 20.9 | 23.9 | 27.3 |
| Britam Insurance Tanzania Ltd. | 15.0 | 2.7% | -0.1% | 13.2 | 11.7 | 10.3 | 9.1 |
| MO Assurance Company Ltd. | 13.0 | 2.3% | +0.1% | 14.1 | 15.3 | 16.5 | 17.9 |
| ICEA Lion Insurance Company Tanzania Ltd. | 11.0 | 2.0% | +0.1% | 12.1 | 13.3 | 14.6 | 16.1 |
| Crdb | 10.0 | 1.8% | +11.7% | 15.0 | 22.5 | 33.8 | 50.6 |
| Meticulous Tanzania Insurance Company Ltd. | 9.5 | 1.7% | -0.2% | 7.5 | 6.0 | 4.7 | 3.7 |
| Tanzindia Assurance Company Ltd. | 8.4 | 1.5% | +0.1% | 9.0 | 9.7 | 10.5 | 11.3 |
| Bumaco Insurance Company Ltd. | 8.0 | 1.4% | +0.0% | 8.3 | 8.6 | 9.0 | 9.3 |
| UAP Insurance Tanzania Ltd. | 7.6 | 1.4% | -0.1% | 7.1 | 6.7 | 6.3 | 5.9 |
| First Assurance Company Ltd. | 6.5 | 1.2% | +0.0% | 6.5 | 6.5 | 6.5 | 6.5 |
| GA Insurance Tanzania Ltd. | 5.4 | 1.0% | +0.0% | 5.5 | 5.6 | 5.7 | 5.8 |
| Maxinsure (Tanzania) Ltd. | 3.6 | 0.6% | -0.2% | 2.9 | 2.4 | 2.0 | 1.6 |
| Milembe Insurance Company Ltd. | 3.0 | 0.5% | +0.0% | 3.1 | 3.2 | 3.3 | 3.4 |
| Resolution Insurance Ltd. | 2.6 | 0.5% | +6.9% | 3.9 | 5.8 | 8.8 | 13.2 |
| Mgen Tanzania Insurance Company Ltd. | 2.5 | 0.5% | -0.0% | 2.4 | 2.3 | 2.2 | 2.1 |
| Beema Star Insurance Ltd. | 0.0 | 0.0% | — | 0.0 | 0.0 | 0.0 | 0.0 |
Market share: official source figure when available, otherwise computed from the companies listed for this segment (not necessarily 100% of the country's total market). The 2025-2028 columns, in italics, are projections: never a blank cell, but the color indicates the reliability of the method used: gray = company-specific growth rate, amber = failing that, the country's market growth, orange = failing that, the country's GDP growth, light red = no growth data available, flat 0% by default.
Active reinsurers
10 reinsurers (national + regional operating in this zone), 2021 revenue in USD millions
| Reinsurer | Scope | Revenue 2021 (M$) | Net income (M$) | Observed growth | 2022(est.) | 2023(est.) | 2024(est.) | 2025(est.) | 2026(est.) | 2027(est.) | 2028(est.) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Ghana Re - Kenya | Regional | — | — | — | — | — | — | — | — | — | — |
| Zep Re - Zimbabwe | Regional | — | — | — | — | — | — | — | — | — | — |
| Zep Re | Regional | — | — | — | — | — | — | — | — | — | — |
| CICA - Re | Regional | — | — | — | — | — | — | — | — | — | — |
| Waica Re - Kenya | Regional | — | — | — | — | — | — | — | — | — | — |
| WAICA Re - Zimbabwe | Regional | — | — | — | — | — | — | — | — | — | — |
| Zep Re (PTA Reinsurance Co) | Regional | 213.0 | 18.1 | +2.3% | 218.0 | 223.0 | 228.0 | 233.2 | 238.6 | 244.0 | 249.6 |
| CICA-RE | Regional | 176.2 | 13.4 | +11.3% | 196.1 | 218.3 | 243.0 | 270.6 | 301.3 | 335.5 | 373.7 |
| WAICA Re | Regional | 153.3 | 19.9 | +49.5% | 229.5 | 343.3 | 513.5 | 768.1 | 1148.9 | 1719.1 | 2572.0 |
| Tan Re | National | 71.2 | 4.1 | +8.1% | 77.0 | 83.2 | 90.0 | 97.3 | 105.2 | 113.7 | 123.0 |
Source: Atlas Magazine, Reinsurance Yearbook 2023. Last real data available: fiscal year 2021 (left-hand columns). The "2028 revenue (estimated)" column, in italic gray, is a projection based solely on the growth rate observed between 2020 and 2021 (capped between -30% and +50%/year); this is not an observed figure and should be treated with caution, particularly for companies with volatile or negative net income.
Market signals for Tanzania
Tanzanie vise une couverture maladie universelle par l'assurance d'ici l'exercice financier 2028/29
L'objectif de la Tanzanie est d'atteindre une couverture maladie universelle par l'assurance d'ici l'exercice financier 2028/29. Le Directeur régional de l'OMS pour l'Afrique, Professeur Mohamed Janabi, a souligné l'importance centrale de la santé dans le développement national et a encouragé les pays africains à se concentrer sur trois aspects clés.
See sourceAISL Summary
- AISL positioning: 52/100, "Moderate Restrictions" market.
- Insurance market: $596M (+20.2% year-on-year), fiscal year 2024.
- Main entry barrier: compulsory cession (Tan-Re 10-20% + Africa Re 5% + ZEP-RE 10%).
- Sits 23.8 points above the regional average (17 scored markets).
Regional comparison
Average adjusted score in East Africa : 28.5 (out of 17 scored markets)
Tanzania is 23.8 points above the regional average