Tanzania's insurer since 1963
The National Insurance Corporation was established in 1963 as the first insurance company in Tanzania. For more than six decades we have protected Tanzanian families, vehicles, homes, projects and businesses.
Sixty years of protecting Tanzanians
The National Insurance Corporation Tanzania Ltd was first incorporated on 16th October 1963, with Government ownership of fifty one percent (51%) while forty-nine percent (49%) was shared by Munich-Re, Swiss-Re and Colin Hood Insurance Brokers Limited.
After the Arusha Declaration in February 1967, NIC was nationalised and became 100% owned by the Government, and was the only insurance company in the country for about 30 years.
In 1996 the insurance industry was liberalised by the Insurance Act No. 18 of 1996, opening entry of private investors. That legislation was later repealed by the Insurance Act No. 10 of 2009, which brought regulation of the sector through the Tanzania Insurance Regulatory Authority.
-
1963
Incorporated NIC is incorporated on 16th October, the Government holding 51% and Munich-Re, Swiss-Re and Colin Hood the remaining 49%.
-
1967
Arusha Declaration NIC is nationalised and becomes 100% Government owned, the country's only insurer for about 30 years.
-
1996
The market opens Insurance Act No. 18 liberalises the industry and opens entry to private investors.
-
2009
A new regulator Insurance Act No. 10 establishes the Tanzania Insurance Regulatory Authority to oversee the sector.
-
Today
Service in your hand A 43% increase in digitisation has made our service more accessible, simpler and faster to reach.
To provide assurance to customers against uncertainties through agile and innovative approach by using competent staff.
To be the most trusted and sustainable insurance service provider.
What guides everything we do
- Customer Centric We are a customer centric organisation. We believe in meeting our clients' expectations and needs by offering quality services.
- Integrity We treat all our customers with compassion while maintaining high moral standards, accountability, trust, honesty and transparency.
- Professionalism We serve every customer with competence, courtesy and care, and hold ourselves to the standards our profession and our regulator expect.
- Teamwork We believe in working together to achieve our common goal through cooperating with each other, respecting each other's views, sharing knowledge and skills, and making our working environment conducive.
- Innovation We encourage new ideas and creativity in improving how we deliver our services.
Certified to ISO 9001:2015
NIC Insurance is an ISO 9001:2015 Certified Institution. Our Quality Policy sets out the commitment behind it.
The Professionals Leading the Corporation
Management team 12
-
Mr. Kaimu Abdi Mkeyenge Managing Director -
Adv. Asma Suleiman Mohamed Director of Legal Services -
Mr. Hardbert Polepole Director of Life Assurance -
Mr. Athman H. Athman Head of Monitoring, Evaluation and Quality Assurance -
Waziri Waziri Kindamba Director of Planning and Business Development -
CPA. Abdulkarim T. Kisuguru Director of Finance and Investments -
Ms. Beatrice Nagunwa Director of General Insurance -
CPA. Fredrick C. Maro Director of Internal Audit -
Mr. Karimu Meshack Director of Marketing and Communication -
Mr. Emmanuel Chuwa Head of Procurement Management Unit -
Mr. Hilal H. Mdee Head of ICT Unit -
Mr. Ismail Mohamed Qwetso Head of Actuarial Services, Statistics and Risk Management
A question about NIC?
Talk to us. We are ready to listen.