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Browsing: AAR Insurance
- The bulk of Tanzania’s population is not under any form of cover with industry statistics putting penetration at 1.68 percent.
- Gross premiums hit $486 million last year from $388 million in 2021, the Association of Tanzania Insurers (ATI) says.
- As of May 2023, a total of 34 insurers including three reinsurance companies had presence in Tanzania.
Insurance saves lives. This was how Sicola Enock, a mother summarised Tanzanian’s Community Health Fund (CHF), a social welfare cover that was introduced in 2001 to help families in rural areas.
“When my husband got sick, we incurred many consultation fees before treatment. But, when we acquired the CHF, things changed. Now the health insurance serves more than ten family members,” Sicola added.
Sicola is part of about 15 percent of Tanzania’s population now covered CHF health insurance.
However, the bulk of Tanzania’s population is not under any form of cover. Latest figures show …