Insurance reforms deliver tangible results as service membership soars
Commissioner of Insurance, Dr Baghayo Saqware (second left) hands over a certificate to the Minister of State, President’s Office Finance and Planning (Zanzibar), Dr Saada Salum Mkuya during the official launch of insurance market report for 2024. PHOTO | COURTESY
Dar es Salaam. The number of Tanzanians using insurance services increased by 10.2 percent last year to 25.9 million, thanks to growing public trust and a wave of reforms across the sub sector.
Tanzania government targets to ensure at least 50 percent of the population uses insurance by 2030 and raise the contribution of the industry to the economy to reach at three percent.
