The Tanzania Insurance Regulatory Authority held a cooperation meeting with NMB Bank shareholders to strengthen commercial linkages between the bank and Tanzania’s insurance sector. The parties agreed to develop sustainable strategies to ensure insurance services reach all Tanzanians by leveraging banking systems and distribution networks. Discussions also covered how banks can support growth in the insurance market, with a focus on agricultural insurance, and cooperation in implementing the Universal Health Insurance Act.
Tanzania Insurance Regulatory Authority and NMB Bank agree strategies to expand insurance access through banking networks
The Tanzania Insurance Regulatory Authority met with NMB Bank shareholders to enhance commercial ties between the bank and the insurance sector. They agreed to develop strategies to expand insurance services nationwide using banking systems and networks. Discussions included bank support for insurance market growth, particularly in agriculture, and cooperation on the Universal Health Insurance Act.