Tanzania, March 25 -- Arusha. The Tanzania Insurance Regulatory Authority (Tira) is preparing new rules that will require insurance companies to include a minimum number of women in decision-making positions, in a move aimed at expanding insurance use and increasing women's participation in the financial sector.

Commissioner of Insurance, Dr Baghayo Saqware, said the authority is finalising a circular that will direct insurers to ensure women are represented on company boards so that products better reflect the needs of female clients. He said the measure is part of efforts to meet a national target under which women are expected to account for 50 percent of insurance users by 2030.

Dr Saqware made the remarks during a session titled Ch...