DAR ES SALAAM, Oct. 22 -- THE life insurance sector has continued its upward trajectory last year, reflecting strong growth and expanding its contribution to the countrys financial landscape.

The latest data from the 2024 Annual Insurance Performance Report released by Tanzania Insurance Regulatory Authority (TIRA) shows the sector recorded a 17.6 per cent increase in gross written premiums (GWP), underscoring sustained confidence and market expansion.

According to TIRAs 2024 Annual Insurance Performance Report, the life insurance business recorded GWP of 309bn/- last year, up from 262.7 bn/- in 2023.

This represents a 17.6 per cent year-on-year growth, supported by rising public awareness, regulatory reforms and ongoing digital transf...