Tanzania: Why Insurance Industry's Growth in Tanzania Is Slow

opinion

Dar es Salaam — Tanzania's insurance market is not growing at the required level due to lack of updated actuarial studies to ascertain market trends for designing new products and techniques of attracting new customers, stakeholder says.

President of the Tanzania Insurance Brokers Association Mohamed Jaffer said that the last time for the country to carry out actuarial studies was in 2013 which indicates that available market data are outdated.

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