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 five broad areas, namely:

1. Registration & licensing of insurance registrants;
2. Regulation and supervision of insurance registrants;
3. Protection of consumers and beneficiaries of insurance products and services;
4. Development of the insurance market in Tanzania; and
5. Advise the Government on all matters related to insurance.

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.