DODOMA, Nov. 19 -- TANZANIAS life insurance sector is quietly transforming into one of the fastest-growing pillars of the countrys financial industry.

For years, life insurance was largely seen as a niche product, primarily serving corporate clients and salaried employees. Today, the market is attracting a wider mix of customers, thanks to digital access, regulatory reforms and insurers renewed focus on serving everyday Tanzanians.

New data from the Tanzania Insurance Regulatory Authority (TIRA) show that the life insurance segment maintained strong growth in 2024, expanding by 17.6 per cent as gross written premiums (GWP) rose to 309.0 billion/- from 262.7 billion/- in 2023. Experts attribute this sustained rise to a maturing market, w...