The National Insurance Corporation Tanzania Ltd was first incorporated on 16th October, 1963 with the Government ownership of fifty one percent (51%) while forty-nine per cent (49%) was shared by Munich-Re, Swiss-Re and Colin Hood Insurance Brokers Limited. After the Arusha Declaration in February 1967, NIC was nationalized 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 liberalized by the Insurance Act No. 18 of 1996, opening entry of private investors in the insurance sector. The legislation was later repealed by the Insurance Act No.10 of 2009, which brought in regulation of the insurance sector, through the Tanzania Insurance Regulatory Authority. With our current increase premiums of 43% on digitization; service provision to our customer have been made more accessible, simplified and time sensitive.
Contact us with any of our insurance offerings and we'll sort you out. We'll be waiting to hear from you.
We encourage new ideas and creativity in improving how we deliver our services. sharing knowledge, and skills and making our working environment conducive. trust, honesty and transparency.
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. trust, honesty and transparency.
We are a customer centric organization. We believe in meeting our clients’ expectations and needs by offering quality services.
We will treat all our customers with compassion while maintaining high moral standards, professionalism, accountability, trust, honesty and transparency.
Is to be the most trusted and sustainable insurance service provider.
NIC Insurance being the leading insurance service provider in Tanzania, is committed to provide assurance to customers against uncertainties, through its innovative products and agile approach. In its quest to enhance customer excellence and becoming the most sustainable insurance service provider within the country, the Corporation offers services that focus on putting the customer at the center of its business and commits to satisfying all legal requirements.
An Opening Statement
We are living in uncertain times. A time where having something of value today doesn’t guarantee having it tomorrow or in the later days and it can be worrying and frustrating. Having respected that, NIC invested in innovating innovative solutions that guarantee the security and safety of your assets (your life and the life of your loved ones included). With our commitment to serve our customers with excellence and due diligence; rest assured knowing your desirable quality of life is safe and secure.
Director of Legal Services
Director of Life Assurance
Head of Evaluation, Monitoring and Quality Assurance
Director of Finance and Investments
Director of General Insurance
Director of Internal Audit
Director of Marketing and Communication
Director of Strategy and Business Development
Director of Human Resouces and Administration
Head of Procurement Management Unit
Head of ICT Unit
Head of Risk and Acturial