Insurance
Tanzania
Strategis Insurance (Tanzania) Limited
2nd largest Insurance Company in Tanzania.
Strategis Insurance (Tanzania) Limited is one of the leading private insurance companies in Tanzania, holding the position of the second-largest insurer in the country. Established in 2002 and licensed by the Tanzania Insurance Regulatory Authority, Strategis has built a reputation for delivering innovative and affordable insurance solutions.
The company has grown steadily over two decades, distinguished by its commitment to superior service and wide network of insurance providers. Its focus on technology has enabled efficient policy management and claims processing, reinforcing its position as an industry leader.
Strategis offers a broad range of insurance products including medical, motor, fire, engineering, accident, liability, and specialised industry-specific solutions. The company is dedicated to making insurance accessible and reliable for individuals and businesses alike.
Grand Reinsurance (Tanzania) Limited
Grand Reinsurance Tanzania Ltd. (“Grand Re TZ”) is the first Private Reinsurance company licensed by the Tanzania Insurance Regulatory Authority (TIRA) in September 2021. The Company provides reinsurance solutions for the general insurance business in Tanzania and the East African market.
Grand Re TZ is a subsidiary of Grand Reinsurance Holdings a Pan African reinsurance holding company with operations in Zimbabwe and Botswana.
The Company is an associate of MAC Group which have diversified portfolio of investments in Tanzania and other parts of Africa.
Actuarial Consultancy
We offer the following services: Product Development and Pricing, Data Analytics, Experience investigations, Actuarial Valuations, Financial Modelling and Implementation of ERM.
Risk Management
We always acknowledge that our clients are unique, so are the risks they are exposed, that is why we all tailor make our products to adequately cover each client’s risk. The world is dynamic, new and complex challenges and risks are emerging every day. Companies increasingly need a strong partner to help reduce their risks, cover them against losses and safeguard their financial security.
Short-term reinsurance
From traditional reinsurance, comprehensive services and consulting to complex risk solutions and special fields such as marine and aviation, we are the perfect reinsurance partner.
Heritage Insurance Company Tanzania Ltd.
The Heritage Insurance Company Tanzania Limited is a subsidiary of The Heritage Insurance Company, Kenya which is part of Liberty Kenya Holdings, a company owned by Liberty South Africa. Standard Bank Group, one of the largest financial service group in Africa has 100% ownership of Liberty South Africa.
MAC Group Limited, is Heritage’s Tanzania local partner with a shareholding of 40%.
Since 1998, Heritage Insurance has become the private insurance company in Tanzania with net assets exceeding Tshs 15.5 Billion. Heritage has focused on corporate and retail business, insuring non-life risks and has a fully qualified technical team to advice on complete risk management services.
It has an extensive products range including but not limited to Fire, Motor, Marine, Engineering, Aviation, Public Liability, Directors and Officers Liability. The company has, at all times maintained a solvency margin surplus with safety margin level of above the prudential requirement of 50%.
Heritage has a diversified list of A rated reinsurance partners to support a range of individual and corporate business regardless how large or complex they are. It is also among the leading Insurance Company in Tanzania in Premium Income & Assets with an AA+ Rating from Global Credit Rating Company for Claims Paying Ability.
Heritage embraces good corporate governance and utilizes Delloite, KPMG & PWC, and Kenbright Actuaries among other as independent company’s auditors and advisors.
Alliance Insurance Corporation Ltd
Alliance Insurance Corporation Ltd, an associate of MAC Group, is one of Tanzania’s most dynamic general insurance companies, setting benchmarks in governance, transparency, and sector leadership. Established in 1998, it began as a composite insurer before spinning off its life insurance division to form Alliance Life Assurance Ltd, in line with regulatory requirements.
Operating across Tanzania and Uganda, Alliance caters to diverse market segments — from households and SMEs to large corporations and specialised sectors such as aviation and marine. The company is recognised among the top performers in premium income, financial strength, and claims-paying ability.
Its product range addresses the needs of individuals and businesses through accessible, value-added insurance solutions. Alliance continues to expand its reach and enhance its offerings, ensuring that it remains at the forefront of the region’s insurance industry.
Alliance Life Assurance Ltd.
Alliance Life Assurance Ltd is a leading life insurance provider in Tanzania, known for innovation, flexibility, and exceptional service. Established in 2010 following the regulatory separation of composite insurers, it traces its origins to Alliance Insurance Corporation Ltd.
The company is fully Tanzanian-owned and is recognised for prompt claims settlement, customer-focused solutions, and a strong market presence. Over the past 18 years, it has developed a reputation for delivering superior products tailored to the evolving needs of Tanzanians.
Its offerings include a wide range of life assurance products designed for individuals, families, and businesses. Guided by its mission to be the most respected life assurance provider in Tanzania, Alliance Life remains committed to integrity, commitment, speed, and passion in service delivery.
