The insurance industry in Tanzania is increasingly becoming complex and the legislation surrounding it affects every industry. Lawfields can provide information and strategies needed to fully understand the legal and regulatory aspects of insurance as they relate to businesses.

We advise on matters such as:

• Formation, organization and licensing of insurers, reinsurers and intermediaries including the entrance of foreign insurers and non-resident agents and brokers into the Tanzanian market;
• The Insurance Act and its regulations and guidelines;
• Regulatory approvals related to insurance products and distribution channels; and
• Day to day issues faced by insurance companies and other entities that work in or provide services to the financial services sector.