Tanzania Insurance Report - Business Monitor International - Industry Reports

Tanzania Insurance Report

Tanzania Insurance Report - Business Monitor International - Industry Reports
Tanzania Insurance Report
Published Aug 20, 2016
57 pages — Published Aug 20, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

In local currency terms, gross life premiums will continue to grow at a steady pace. This is exemplified in our outlook for the gross life premiums, which we anticipate will increase by --.- in ----, and to nearly double the present amount by the end of our forecast period, from TZS--.-bn in ---- to TZS---.-bn in ----. ...In local currency terms, gross life premiums will continue to grow at a steady pace. This is exemplified in our outlook for the gross life premiums, which we anticipate will increase by --.- in ----, and to nearly double the present amount by the end of our forecast period, from TZS--.-bn in ---- to TZS---.-bn in ----. In USD terms, we will see the growth of total gross premiums in the segment take shape from ---- onwards, due to short-term currency fluctuations. ...Although the Tanzanian economy is improving, there are still challenges in terms of widespread poverty and limited average household income rates. While the country does have a growing middle class, the

...Life insurance claims fluctuated around financial turmoil from ---------, but figures for ---- and ---- suggest that they have returned to a more stable and sustainable level of around -- of gross premiums. For a fast-growing life insurance sector, this is a level that will allow ongoing expansion and profits across the sector. ...As a result, gross claims will surpass TZS--bn, equivalent to around USD--mn. Life insurance claims of USD--mn in ---- accounted for around -- of all insurance claims paid across the life and non- life sectors combined. Forecasting claims levels is fraught with difficulty and is not something that BMI believes can be accurately anticipated. However, over the next five years, we expect claims ratios to remain within the ----- band. As a result, by ----, gross life claims will fall between USD--mn and USD--mn, barring unforeseen shocks.

...� Business Monitor International Ltd Page - majority of the population remains in the lower income brackets, limiting demand for life products. Another hindrance is the relatively low life expectancy rate for both men and women which limits demand for various retirement and later in life savings products. ...

  
Source:
Document ID
2055-4079
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Tanzania Insurance Report" Aug 20, 2016. Alacra Store. Dec 10, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Tanzania-Insurance-Report-2026-1603>
  
APA:
Business Monitor International - Industry Reports. (2016). Tanzania Insurance Report Aug 20, 2016. New York, NY: Alacra Store. Retrieved Dec 10, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Tanzania-Insurance-Report-2026-1603>
  
US$ 1,295.00
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