Heritage Insurance Company Tanzania Ltd

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The Heritage Insurance Company Tanzania Limited
  • Heritage Insurance Company Tanzania Ltd
  • Year : Mar 2020
3 Tokens
USD 300.00
Summary

The Heritage Insurance Company Tanzania’s national scale financial strength rating reflects a strong financial profile, which is complemented by implicit group support from its parent, The Heritage Insurance Company Kenya Limited. These positives are, however, partially offset by a limited business profile. Risk adjusted capitalisation registered at very strong levels, underpinned by a capital base that comfortably caters for the quantum of insurance and market risk exposures.

Additional Information

The insurer is an established player in the domestic short term insurance market with a 6% share in FY18. Despite the shift in competitive dynamics, following a regulatory directive to move all government business to the National Insurance Corporation, GCR expects the insurer to continue to defend its current competitive position over the outlook horizon, underpinned by entrenched market relationships, strong brand recognition and expanded distribution channels.


Related Publication

Tanzania Reinsurance Company Limited (2013-11)

A Credit Rating report is a research report providing detailed analysis utilised by GCR in the accordance of a Credit Rating.

The Heritage Insurance Company Tanzania Limited

The Heritage Insurance Company Tanzania’s national scale financial strength rating reflects a strong financial profile, which is complemented...

GCR Risk Score Snapshot as of Dec 31st 2019

If you are interested in the underlying scores, ratings or a more detailed score breakdown for any of the issuers mentioned, or the methodologies t...

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