The Tanzania Insurance Regulatory Authority (TIRA), together with FSD Africa, hosted a Dar es Salaam forum bringing insurance market stakeholders together to discuss the role of insurance in supporting economic development and improving economic conditions for citizens in Tanzania and across Africa. The discussions centred on expanding access to insurance through affordable, long-term products, with particular emphasis on health cover. Deputy Insurance Commissioner Khadija Said called on participants to use the platform for practical dialogue on growing the economy while the insurance sector develops sustainable, affordable offerings for wider uptake. FSD Africa’s Chief Innovation and Resilience Officer Elias Omondi highlighted work to strengthen financial systems and the role of insurance in supporting households when shocks such as illness occur. UK Embassy private sector development adviser Alex Mangowi pointed to sector growth including more providers, higher claims payouts, increased contribution to GDP, higher capital values and greater retention of fees in-country, while urging continued innovation and affordability. TIRA sessions included a presentation on the importance of an insurance regulatory sandbox and a panel discussion covering the Authority’s involvement in forming consortiums in areas such as agriculture and oil and gas to help lower insurance costs and develop the market. Participants included insurance company executives, brokers, agents, insurance distributors, bancassurance providers and other stakeholders.

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