Interoperable standards, a set of agreed rules and standards facilitating customer transactions among service providers, has been a focus area in the mobile financial services industry for several years.
Bima Challenge (BC) is a co-financing facility that aims to contribute to the business models and distribution channels of the development of an inclusive insurance market in Tanzania. rough the provision of financial assistance, BC supports product design, experimentation and roll-out of innovative and customer centric insurance products that are affordable, accessible and responsive to […]
In 2015, the Microinsurance Landscape Survey conducted by the FSDT and the Technical Working Group showed that microinsurance products are covering 4.5 million people, 18% of the adult population. This cover is provided by 6 active insurance companies, one fewer than in 2014. The total gross written premiums (GWP) for all microinsurance products was USD
The National Financial Education Framework (N-FEF) is aimed at improving the levels of financial capability of the Tanzania population, so that individuals are better equipped to act with confidence in making optimal choices in the management of their personal financial matters. Financial education is the broad term reflecting all activities aimed at transferring knowledge and skills, and influencing financial behaviour.
African countries are faced with the challenge of building competitive economies while also working to reduce poverty and food insecurity among their populations. For many of these countries, Tanzania included, the experience has been that while the economy has begun to grow consistently, the benefits do not trickle down to most of the population. To address this problem, governments […]
The Bank of Tanzania (BOT) in collaboration with the Financial Sector Deepening Trust (FSDT) conducted the IFGs assessment in Tanzania in order to gain deeper insights into their evolution, nature, characteristics, management and operational features.
Implementing a large, national survey such as FinScope is always the work of many people and
organizations. FSDT is most appreciative of the work done by The National Bureau of Statistics,
led by Dr Albina Chuwa, and in particular the guidance and other essential statistical inputs from
Mr. Ahmed Makbel and Ms Sylvia Meku. The Office of the Chief Government Statistician on Zanzibar
was also essential in ensuring successful implementation of the survey there.
This focus note presents the highlights of the 2012 Tanzania Access to Insurance Diagnostic – a joint project between Tanzania Insurance Regulatory Authority (TIRA), Financial Sector Deepening Trust (FSDT) Tanzania and FinMark Trust, and applying the methodology of the Access to Insurance Initiative.