Here are the  key benefits of TIRA Annual Market Report in the insurance sector; 

1. Promotes Transparency; By Provides stakeholders with clear, reliable, and up-to-date information about the performance and growth of the insurance industry.

2. Informs Decision-Making; Helps policymakers, regulators, and industry players make informed decisions based on real data and market trends.

3. Strengthens Public Confidence; Sharing industry performance builds trust among policyholders, investors, and the general public in the insurance sector.

4. Encourages Accountability; Insurance companies are encouraged to comply with regulations and uphold good governance since their performance is reported publicly.

5. Supports Policy and Regulatory Development; Provides evidence-based insights that help in shaping better laws, policies, and regulations for the insurance industry.

6. Identifies Market Opportunities; Shows emerging trends, gaps, and opportunities for new products and services to meet customer needs.

7. Enhances Industry Competitiveness; Encourages innovation and competition among insurers, ultimately leading to better products and services for consumers.

8. Facilitates Stakeholder Engagement; Serves as a reference point for dialogue between government, insurers, brokers, consumers, and investors.

9. Monitors Growth and Challenges; Highlights areas where the industry is growing and where interventions are needed, ensuring balanced sector development.

10. Drives Financial Inclusion; Demonstrates progress in expanding insurance services to underserved populations, supporting national financial inclusion goals.