Tanzania, July 9 -- Dar es Salaam. Tanzania's insurance industry has been urged to prioritise building public trust, improving customer education and developing products that address real risks as low insurance uptake continues to leave households and businesses financially exposed.

Speaking at the 50th Dar es Salaam International Trade Fair (DITF), Alliance Insurance Corporation Limited Chief Executive Officer Rajiv Kumar said that although the insurance market has grown steadily, penetration remains low relative to the size of the economy.

Industry data shows that gross written premiums reached about Sh1.52 trillion in 2024, while insurance penetration stood at 2.08 percent of gross domestic product (GDP).

Mr Kumar said the figures s...