{"id":40242,"date":"2021-11-05T15:35:57","date_gmt":"2021-11-05T15:35:57","guid":{"rendered":"https:\/\/www.africa-press.net\/tanzania\/?p=40242"},"modified":"2021-11-05T14:38:11","modified_gmt":"2021-11-05T14:38:11","slug":"insurance-sector-set-for-reforms-as-new-policy-is-in-offing","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/all-news\/insurance-sector-set-for-reforms-as-new-policy-is-in-offing","title":{"rendered":"Insurance sector set for reforms\u00a0as new policy is in offing"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Tanzania. <\/strong><\/span>NEW national insurance policy may be ready next year, a move which is expected to bring reforms in the sector to enable it contribute more to the national income.<\/p>\n<p>Permanent Secretary of the Finance and Planning Ministry, Emmanuel Tutuba hinted that the envisaged new policy would facilitate introduction of some new types of insurance coverage for different cadres.<\/p>\n<p>\u201cIt will make the insurance coverage more wide, thus enabling inclusivity in the sector,\u201d Mr Tutuba stated yesterday in Dar es Salaam when he launched a new workers\u2019 council for the Tanzania Insurance Regulatory Authority (TIRA).<\/p>\n<p>He explained that the draft document was ready after collecting views from stakeholders, and the next step was to submit it to secretariat of the cabinet ministers for government\u2019s approval.<\/p>\n<p>Speaking over reasons behind writing new policy, the permanent secretary said the current policy is outdated and needed replacement to accommodate, among others, technological changes in the sector.<\/p>\n<p>\u2018The environment has changed, so it calls for improvement in the document,\u201d he stressed.<\/p>\n<p>The ministry has been in the processes of ensuring that the outdated policy is incorporated with new changes in order to get better policy which matches the current environment.<\/p>\n<p>He argued that recently some changes were carried out in the financial institutions due to digital advancement whereby some of insurance covers could be issued through online.<\/p>\n<p>\u201cSo the new policy would provide room for some companies to operate through online platforms,\u201d he added.<\/p>\n<p>On his part, Commissioner of Insurance Dr Mussa Juma, who is chairman of the new workers\u2019 council, said the current policy hampers them from having good strategies and guidelines.<\/p>\n<p>\u201cWhen the new policy is ready we will ensure that the insurance sector contributes more to the national income&#8230;We have been getting challenges in performing our duties due to absence of the up-to-date policy,\u201d Dr Juma noted.<\/p>\n<p>Speaking on the new council, he said, it would have a duty of assessing performance of the authority and provide advice for improvements.<\/p>\n<p>He further said the authority gears up to ensure that more Tanzanians are covered with the insurance by adding the number of covered Tanzanians from current 15 per cent to 50 per cent by 2030.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/tanzania\">Tanzania<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Tanzania. NEW national insurance policy may be ready next year, a move which is expected to bring reforms in the sector to enable it contribute more to the national income. Permanent Secretary of the Finance and Planning Ministry, Emmanuel Tutuba hinted that the envisaged new policy would facilitate introduction of some new types [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":40241,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3,8,16],"tags":[6990,6991,711],"class_list":["post-40242","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","category-homepage-english","category-twitter","tag-africa-press-2","tag-africa-press-tanzania","tag-tanzania"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Insurance sector set for reforms\u00a0as new policy is in offing - Tanzania<\/title>\n<meta name=\"description\" content=\"NEW national insurance policy may be ready next year, a move which is expected to bring reforms in the sector to enable ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/insurance-sector-set-for-reforms-as-new-policy-is-in-offing\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Insurance sector set for reforms\u00a0as new policy is in offing\" \/>\n<meta property=\"og:description\" content=\"NEW national insurance policy may be ready next year, a move which is expected to bring reforms in the sector to enable ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/insurance-sector-set-for-reforms-as-new-policy-is-in-offing\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-05T15:35:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2021\/11\/img-618541a8180eb.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/insurance-sector-set-for-reforms-as-new-policy-is-in-offing#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/insurance-sector-set-for-reforms-as-new-policy-is-in-offing\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Insurance sector set for reforms\u00a0as new policy is in offing\",\"datePublished\":\"2021-11-05T15:35:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/insurance-sector-set-for-reforms-as-new-policy-is-in-offing\"},\"wordCount\":385,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/insurance-sector-set-for-reforms-as-new-policy-is-in-offing#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2021\/11\/img-618541a8180eb.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Tanzania\",\"tanzania\"],\"articleSection\":[\"all news\",\"community\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/all-news\/insurance-sector-set-for-reforms-as-new-policy-is-in-offing#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/insurance-sector-set-for-reforms-as-new-policy-is-in-offing\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/insurance-sector-set-for-reforms-as-new-policy-is-in-offing\",\"name\":\"Insurance sector set for reforms\u00a0as new policy is in offing - 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