The Tanzania Insurance Regulatory Authority published its 2025 Insurance Market Performance Report, showing broad growth in the sector’s capital, assets, investments, written premiums and reach. Insurance assets rose to TZS 4.06 trillion from TZS 2.14 trillion between 2024 and 2025, while net capital increased to TZS 1.89 trillion from TZS 697.4 billion. Investments climbed to TZS 2.24 trillion from TZS 1.41 trillion, and written premiums reached TZS 2.55 trillion, up from TZS 1.52 trillion. The combined number of policyholders and beneficiaries increased 3.5% to 26.8 million, comprising 8.7 million policyholders and 18.1 million beneficiaries. Insurance’s contribution to gross domestic product rose to 2.8% from 1.8%. General insurance registrations grew 44%, health insurance 38.6% and life insurance 14%, while formal employment in the insurance subsector more than doubled over five years to 6,434. The authority also plans to finalize the National Insurance Policy, improve the sector’s legal and regulatory framework, and align further development with Tanzania’s Development Vision 2050 and the Financial Sector Development Master Plan 2030.
Tanzania Insurance Regulatory Authority reports 2025 insurance assets nearly doubling to TZS 4.06 trillion
The Tanzania Insurance Regulatory Authority reported that insurance assets rose to TZS 4.06 trillion in 2025 from TZS 2.14 trillion, while written premiums increased to TZS 2.55 trillion. Policyholders and beneficiaries reached 26.8 million, and insurance’s contribution to gross domestic product increased to 2.8%.