The Association of Tanzania Insurers (ATI) was voluntarily formed in 1999 by the Insurance and Re-insurance companies operating in Tanzania. However, based on the insurance Act of 1996, as was amended in 2009, membership was made compulsory for all the Insurance and Re-insurance companies. So far, there are 32 such companies operating in the industry and, thus members of the Association.
The Association of Tanzania Insurers (ATI) plays an important role within the national economy by providing the national underwriting capacity for risks and contributing towards mobilization of savings for sustainable economic development of the country. The true significance of the insurance sector lies in the fact that it enables the economy to operate efficiently and effectively. Without a reliable mechanism for risk mitigation, most of the economic activities would be exposed to risk. A safe and stable insurance industry brings about stability and confidence in the country ‘s economic systems. This justifies the argument that efforts for improving the performance of the economy and the living standards of the population must give particular attention to development of the insurance sector. Thus, the formation of the Association of Tanzania Insurers in 1999 by the Insurance Act of 1996.
Our Mission
To promote financial soundness and growth of the market whilst protecting interests of the insuring public through the observance of best insurance practice code
Our Vision
To have well-serviced insurance market
Our Core Values
Integrity and Ethical
Innovation and Teamwork
Professionalism
Transparency
Social Responsibility.
Flexibility
Statistics
Insurance Companies in the Market
| General Insurance Companies (26 Companies) | General Insurance Companies transacting Medical (9) | Life insurance Companies (6) |
|---|---|---|
| AAR Tanzania | AAR Tanzania | Alliance Life Assurance Limited |
| Alliance Insurance Corporation Ltd. | Britam Insurance Tanzania Ltd. | Bumaco Life Insurance Company Limited |
| Britam Insurance Tanzania Ltd. | GA Insurance Limited | Jubilee Life Insurance Company Ltd. |
| Bumaco Insurance Company Ltd | Maxinsure (Tanzania) Limited | Metropolitan Tanzania Life Assurance |
| First Assurance Company Limited | Metropolitan Tanzania Insurance Company | National Insurance Corporation |
| GA Insurance Tanzania Limited | Mo Assurance Company. | Sanlam Life Insurance (T) Limited |
| ICEA Lion General Insurance Company (T) Limited | Resolution Insurance Tanzania Limited | |
| Insurance Group of Tanzania Limited | Strategis Insurance (Tanzania) Limited | |
| Maxinsure (Tanzania) Limited | The Jubilee Insurance Company of Tanzania | |
| Mayfair Insurance Co. Tanzania Ltd. | ||
| Metropolitan Tanzania Insurance Company Limited | ||
| Mgen Tanzania Insurance Company Limited | ||
| Milembe Insurance Company Limited | ||
| MO Assurance Company Limited | ||
| National Insurance Corp. (T) Ltd | ||
| Phoenix of Tanzania Assurance Co. Ltd | ||
| Reliance Insurance Co. Tanzania Ltd | ||
| Resolution Insurance Tanzania Limited | ||
| Sanlam General Insurance Company Limited | ||
| Star General Insurance Tanzania Limited | ||
| Strategis Insurance (Tanzania) Limited | ||
| Tanzindia Assurance Company Limited | ||
| The Heritage Insurance Company Tanzania Limited | ||
| The Jubilee Insurance Company of Tanzania Limited | ||
| UAP Insurance Tanzania Limited | ||
| Zanzibar Insurance Corporation |
