Reinsurance Companies In Tanzania

Reinsurance Companies In Tanzania

Reinsurance is insurance that an insurance company purchases from another insurance company to insulate itself (at least in part) from the risk of a major claims event. With reinsurance, the company passes on (“cedes”) some part of its own insurance liabilities to the other insurance company.

Reinsurance Companies In Tanzania

Below is the list of Reinsurance Companies In Tanzania

Reinsurance Companies

1 Tan-Re

2 Grand Re

3 PanAfrique Re

Reinsurance Companies Accredited in Tanzania

Allianz Global Corporate & Specialty SE


Constantia Insurance Company Limited

Continental Reinsurance Limited

East Africa Reinsurance Company

Factory Mutual Insurance Company

Ghana Reinsurance Company(Kenya) Limited

Grand Reinsurance Company Private Limited

Guardrisk Insurance Company Limited

Guardrisk International Limited Pcc

International General Insurance Co. Ltd

Mapfre Asistencia, Campania De Seguros Y Reaseguris, S.A

Munich Reinsurance Company of Africa Ltd

New Reinsurance Company Limited

Ocean International Reinsurance Company Limited

Optimum Global Insurance Company Limited

Rochester Reinsurance PLC

Santam Limited

Score Se

Swan Reinsurance PCC

The Hollard Insurance Company

Waica Reinsurance (Kenya) Limited

Who is leading insurance company in Tanzania?

Tanzania: ranking of insurance companies 2022 | Statista

In 2022, the National Insurance Corporation (NIC) was the insurance company with the highest level of customer satisfaction in Tanzania. As many as 86 percent of customers reported that they were content with the services provided.

How many reinsurance companies are there in Tanzania?

As of June 2023, there are 33 insurance companies licensed to operate in Tanzania, 1 takaful company, and 3 reinsurance companies.

How big is the insurance market in Tanzania?

Tanzania Insurance Industry - Key Trends and Opportunities to ...

The gross written premium of the Tanzania insurance market was TZS974. 6 billion ($417.2 million) in 2021. The market is expected to achieve a CAGR of more than 8% during 2021-2026.