20 Insurance Companies in Tanzania

Insurance companies assess the risk and charge premiums for various types of insurance coverage.

If an insured event occurs and you suffer damages, the insurance company pays you up to the agreed amount of the insurance policy.

The way insurance companies work, they can pay this and still make a profit.

Insurance in Tanzania is taken as a set of processes allowed or promoted in that country for the reduction or minimization of losses which may come from the constant exposure of people and the assets they possess to risks (and those risks can be natural causes or financial risks or personal risks).

Risks mean potential danger. The kinds of loss which might come into place if such risks should come into reality may be either life-threatening or non-life-threatening losses.