September 26, 2016 9:47 PM ET

Insurance

Company Overview of Reliance Insurance Company (Tanzania) Limited

Company Overview

Reliance Insurance Company (Tanzania) Limited, a non-life insurance company, provides general insurance products and services in Tanzania. The company offers commercial and personal lines of insurance, including fire, burglary, baggage, money, fidelity guarantee, group and personal accident, workmen's compensation, employer's liability, property owner's and occupier's legal liability, motor vehicle, marine cargo/goods in transit, electronic equipment, machinery and domestic appliances breakdown, project, and public and product liability insurance products; customs bonds; and contract works related bonds, such as tender, performance, and advance payment bonds. It also provides professional in...

3rd Floor Osman Tower

Zanaki Street

Dar es Salaam,  

Tanzania

Founded in 1998

Phone:

255 22 2120088

Fax:

255 22 2112903

Key Executives for Reliance Insurance Company (Tanzania) Limited

Chief Executive Officer
Compensation as of Fiscal Year 2016.

Reliance Insurance Company (Tanzania) Limited Key Developments

Reliance Insurance Company (Tanzania) Limited Reports Earnings Results for the Full Year of 2014

Reliance Insurance Company (Tanzania) Limited reported earnings results for the full year of 2014. For the year, the company posted net profit of TZS 2.5 billion against TZS 1.5 billion of 2013. The firm attributed most of the profit to net earned premium that increased by over 40% to TZS 17.7 billion after writing TZS 32.4 billion worth of covers last year. The profitability level could have increased if it was not for the ballooning of claims that went up to TZS 10.01 billion in 2014 compared to TZS 6.92 billion of 2013. The company ended last year on a good-foot after posting a net profit increase of over 66%, due to premium revenue that grew by over a third.

Similar Private Companies By Industry

Company Name Region
African Risk and Insurance Services Ltd. Middle East/Africa
National Insurance Corporation of Tanzania Limited Middle East/Africa
NIKO Insurance (Tanzania) Limited Middle East/Africa
Reliance Insurance Company (Tanzania) Limited Middle East/Africa
Société d'Assurances du Burundi Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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