our ideas are very important and needed for the development of the insurance sector – Dr. Baghayo Saqware

These remarks were made today, July 18, 2025, by the Commissioner of Insurance, Dr. Saqware, while delivering his speech at the Insurance Innovation Showcase organized by UNDP in collaboration with TIRA, held at Johari Rotana Hotel, Dar es Salaam.

The meeting brought together various innovators who presented their ideas for developing the insurance sector. They competed in a special contest focused on three key areas: Multi-cover insurance for small and medium-sized enterprises (SMEs), health insurance solutions, and insurance solutions addressing the effects of climate change.

Dr. Saqware also congratulated the innovators and urged them to continue seeking various solutions for the development of insurance and the growth of an inclusive market so that insurance can be accessible to every group and citizen. He emphasized that TIRA, as the regulator, will continue to enforce laws, regulations, and guidelines to steer the market while welcoming innovations that strengthen and make the market more inclusive.

On their part, UNDP expressed their commitment to continue collaborating with various stakeholders in the insurance sector and participating in research efforts to grow the market.

Justin Kashaigili from Twende Tech emerged as the overall winner in the innovation competition with his product “Twende Bima,” which helps motorcycle riders (bodaboda) access health insurance.

TIRA – For a Safe Insurance Market