Inclusive insurance and risk financing in the United Republic of Tanzania
The report summarizes the key findings of an inclusive insurance and risk finance country diagnostic carried out by the IRFF and UNDP Tanzania. It presents key risks, the current state of inclusive insurance and risk finance in the country, and recommendations to advance inclusive insurance, risk finance and overall development in Tanzania. This diagnostic report examines supply and demand issues, everything from the legislative and regulatory environment through to community needs, from insurance and sovereign risk, through to insurance investments and natural capital.
Key recommendations from the report include:
- Enhance market-based research and development activities for inclusive insurance;
- Assist the Tanzania Insurance Regulatory Authority (TIRA) to continually enhance the enabling environment for inclusive insurance;
- Build industry capacity to innovate client-centric products and form effective partnerships;
- Develop risk information and modelling systems for disaster risk; develop a comprehensive disaster risk financing strategy;
- Support next steps to adopt sovereign risk transfer solutions.
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Themes
Insurance and risk transfer
Country and region
Tanzania, United Rep of
Number of pages
25 p.
Publication year
2023