Tanzania Insurance Q2 2019
Economic improvements paired with growth in car ownership, the introduction of a mandatory health insurance systemand investment in real estate and infrastructure are expected to help maintain double-digit growth in Tanzanian life and non-lifeinsurance premiums in 2019 and beyond. The requirement that importers use domestic insurers to insure goods being transportedinto Tanzania is expected to help limit externalisation of insurance and boost transport premiums, particularly at a time of increasedroad construction. Risks include rising taxation and the threat of a trade war with Kenya, but our core view for the country remainsbright.
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