The Tanzania Insurance Regulatory Authority (TIRA) was established in 2009 under Section 5 of the Insurance Act Cap. 394 (hereinafter referred to as “the Act”). Subject to the general supervision of the Ministry responsible for Finance, TIRA is charged with the responsibility of coordinating policy and other matters related to insurance in the United Republic of Tanzania.

The main functions and duties of the Authority are to promote and maintain an efficient, fair, safe, and stable insurance market for the benefit and protection of policyholders. The specific functions of the Authority fall into seven broad areas, namely:

• Registration and licencing of Insurance Registrants

• Preparations and issuance of regulations and guidelines for the supervision of insurance industry

• Provision of insurance education and awareness to the public;

• Protection of consumersand beneficiaries of insurance products and services;

• Promote, supervise and ensure stability and sustaibability of the insurance sub - sector;

• Regulate and supervise Universal Health Insurance in Tanzania; and

• Advice the Goverment on policy, and other insurance-related matters in the country

Vision

To be a world-class Insurance Regulator

Mission

To develop, promote and maintain an inclusive, efficient, fair, safe and stable insurance market for the benefit and protection of Insurance beneficiaries.