DAR ES SALAAM, Oct. 23 -- DAR ES SALAAM continues to cement its position as the countrys financial powerhouse, accounting for the overwhelming share of Tanzanias life insurance market last year.

Latest figures from the Tanzania Insurance Regulatory Authority (TIRA) show that the commercial capital generated a staggering 289bn/- in life insurance premiums, representing 93.7 per cent of the nations total life insurance. In sharp contrast, Urban West region in Unguja recorded 5.5bn/- (1.8 per cent), while Mwanza contributed 2.0bn/- (0.7 per cent).

The remaining 12bn/- (3.9 per cent) was shared among other regions, pointing to slow but steady life insurance penetration in emerging urban centres and rural areas.

The figures were unveiled re...