ZANZIBAR, Aug. 11 -- INSURANCE is increasingly becoming an important component of economic and social development, providing individuals, businesses and institutions with protection against financial losses arising from various risks.

As economic activities expand and livelihoods become exposed to a growing range of risks, access to reliable insurance services is becoming increasingly important for households and businesses alike.

In Tanzania, efforts to deepen insurance penetration have increasingly focused on bringing services closer to the people, improving public awareness and strengthening consumer protection.

This approach has now taken a significant step forward in Pemba, following the establishment of the Tanzania Insurance Reg...