DODOMA, Oct. 20 -- TANZANIAS insurance market has recorded robust growth, with Gross Written Premium (GWP) rising by 20.2 per cent to 1.52tri/- in 2024, up from 1.24tri/- in 2023, reflecting the sectors expanding contribution to the national economy.

The figures were unveiled on Thursday during the launch of the 2024 Annual Insurance Market Performance Report and the inauguration of the Tanzania Insurance Regulatory Authority (TIRA) Bima House, a 5.9bn/- modern headquarters in Njedengwa, Dodoma.

According to the report, general insurance accounted for 952.2bn/- (63.1 per cent) of total GWP, while life insurance contributed 309bn/- (20.4 per cent) and health insurance 187.5bn/- (12.4 per cent).

The Takaful segment surged by 754.7 per ce...