FAQ

Kenya, Uganda and the United Kingdom

In Tanzania, ARiS has a market share of over 20% for general Insurance and 90% for Life Assurance

We transact all types of insurance classes including fire, Assets All Risks, Engineering insurances including Construction All Risks and Machinery Breakdown, Medical insurance and Life Assurance

We also transact specialist classes of insurance such as Bankers Blanket Covers,

• A broker is an independent insurance professional who represents the interest of an insured client.
• An Insurance Agent represents the insurance company as their client.
• Therefore, your interests are catered more effectively and independently by a broker.

There are many advantages of using a broker and many disadvantages of dealing directly with an insurance company.
The main advantage is that the broker acts as your advocate without whom you will be dealing from a point of information asymmetry

Risk assessment and control, insurance and risk management consultancy, claims management and insurance audits

Our clients include all the major banks in Tanzania, Industrial operations in manufacturing and sugar mills

As brokers, we are at liberty to do business with all the registered insurance companies in Tanzania.

Insurance is not a simple figure or value that is insured. You insure your exposure to risk and the potential out that can cause you loss.

For motor vehicle insurance, your need is to insure the potential liability as well as the potential damage to your vehicle in the event of an accede.

The market value of your vehicle is an indicator but for liability to third parties, your exposure is determining by standard amounts offered by insurers.

For other assets, such as houses, this is determined by the current cost of construction of replacing such an asset

Insurance premium rates are governed by law. You can view the rates by clicking the following link:

You do not have to use a broker but it is strongly advised.

This is because Insurance business is complicated and demands knowledge and experience to manage it effectively.

ARiS is ranked at number one in market share in Tanzania and possesses the following attributes:

• ISO Certified
• International Professional Partner Firm of the Chartered Insurance Institute of London
• Has the largest number of professional qualified and experienced staff
• Leading Market share
• Professional Indemnity insurance
• Prestigious profile of our clients

Strong global network of partners

Please click the link below for guidelines on the information required

No, you don’t as we are paid a commission by the insurance company. 

We help you by guiding you and assisting to compile the necessary information for the claims

The following classes of insurance are required by Law: