Publication:
Initial Market Assessment: Country Scoping Note--Tanzania

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dc.contributor.authorWorld Bank
dc.date.accessioned2015-08-17T15:59:25Z
dc.date.available2015-08-17T15:59:25Z
dc.date.issued2013-09-22
dc.description.abstractCatastrophe exposure in Tanzania is limited and the key perils are drought and flood. These events have minimal impact on GDP but severe impacts on individuals in the agriculture sector, increasing their vulnerability. Thus, while there are merits to developing the agriculture insurance market in Tanzania, less of a case can be made to develop the catastrophe insurance market. Engagement in Tanzania to develop private sector catastrophe risk and agriculture insurance should be seen as a medium to long term engagement. Banking penetration is low, as is insurance and micro-insurance penetration, even when compared to regional countries. In addition, the insurance industry has struggled in recent years with profitability, indicating that insurance technical capacity within the country may be limited. There are low levels of local reinsurance capacity, with the majority of risks being reinsured off-shore. Thus development of catastrophe and agriculture insurance in Tanzania shall involve a multi-year engagement. Initially it is of paramount importance that insurance companies can manage insurance risk correctly (before beginning to think about adding covariate risks to their balance sheets). Expansion of disaster risk insurance into Tanzania could be seen as a second phase of an engagement looking to develop these markets in Eastern Africa, with Kenya targeted in the first phase. Given the comparative advantages of engaging in Kenya (see Kenya note), a potential course of action would be to use Kenya as a demonstration case in east Africa to spark interest in the Government for development of catastrophe and agriculture insurance markets. Using Kenya as a model example, lessons learnt can be applied in Tanzania to look to stimulate the catastrophe and agriculture insurance market. This strategy will also leverage private sector insurance companies that have headquarters in Kenya and field offices in Tanzania (Jubilee for example).en
dc.identifierhttp://documents.worldbank.org/curated/en/2015/07/24773652/initial-market-assessment-country-scoping-note-tanzania
dc.identifier.doi10.1596/22429
dc.identifier.urihttps://hdl.handle.net/10986/22429
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.relation.ispartofseriesPolitical Champions Group country note;
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectRISKS
dc.subjectEQUIPMENT
dc.subjectECONOMIC GROWTH
dc.subjectEARLY WARNING
dc.subjectAGRICULTURAL CREDIT
dc.subjectRISK REDUCTION
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFARMER
dc.subjectMANMADE DISASTERS
dc.subjectINCOME
dc.subjectINTEREST
dc.subjectLIFE INSURANCE
dc.subjectPUBLIC INVESTMENTS
dc.subjectCREDIT AVAILABILITY
dc.subjectGUARANTEES
dc.subjectEXCHANGE
dc.subjectFINANCIAL RESOURCES
dc.subjectPORTFOLIO
dc.subjectINSURANCE POLICIES
dc.subjectINSURANCE SOLUTIONS
dc.subjectMODELS
dc.subjectDISASTER
dc.subjectGOVERNMENT ASSETS
dc.subjectPRICE
dc.subjectCASH TRANSFER
dc.subjectMARKET INFRASTRUCTURE
dc.subjectINSURANCE RISK
dc.subjectVOLCANIC DISASTERS
dc.subjectREGULATORY AUTHORITY
dc.subjectINTERNATIONAL BANK
dc.subjectDISASTER EVENTS
dc.subjectRELIEF SUPPLY
dc.subjectRURAL BANKS
dc.subjectINSTRUMENTS
dc.subjectINSURANCE MARKET
dc.subjectBUDGET
dc.subjectCATASTROPHE INSURANCE
dc.subjectCROP INSURANCE
dc.subjectINTERNATIONAL FINANCE
dc.subjectMORTGAGES
dc.subjectLEVEL OF RISK
dc.subjectRELIEF
dc.subjectNATURAL DISASTER
dc.subjectDISBURSEMENT
dc.subjectFEASIBILITY
dc.subjectINSURANCE MARKETS
dc.subjectINSURANCE PRODUCT
dc.subjectACCESS TO INSURANCE
dc.subjectFLOODS
dc.subjectPRICE VOLATILITY
dc.subjectOPTIONS
dc.subjectEMERGENCIES
dc.subjectNATURAL DISASTERS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectVOLCANIC ERUPTIONS
dc.subjectMARKETS
dc.subjectLOCAL GOVERNMENT
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectDISASTERS
dc.subjectDISASTER COMMUNICATION
dc.subjectINSURERS
dc.subjectLENDERS
dc.subjectFIRE
dc.subjectFARMERS
dc.subjectRESERVES
dc.subjectFINANCE
dc.subjectBROKER
dc.subjectPUBLIC INVESTMENT
dc.subjectBROKERS
dc.subjectBANKS
dc.subjectMICRO-CREDIT
dc.subjectREINSURANCE
dc.subjectMORTALITY RISK
dc.subjectDROUGHTS
dc.subjectEMERGENCY
dc.subjectEARTHQUAKE
dc.subjectRURAL COMMUNITIES
dc.subjectFOOD SECURITY
dc.subjectECONOMIC COSTS
dc.subjectMICRO- INSURANCE
dc.subjectPOLICIES
dc.subjectDISASTER RISK
dc.subjectCLIMATE CHANGE
dc.subjectDROUGHT
dc.subjectVALUE
dc.subjectMOBILE PHONE
dc.subjectPOLICY MAKERS
dc.subjectBANK
dc.subjectLOCAL MARKET
dc.subjectDISASTER RISK FINANCING
dc.subjectBUDGETS
dc.subjectAGRICULTURAL INSURANCE
dc.subjectCLIMATE
dc.subjectDEMAND
dc.subjectMICROINSURANCE
dc.subjectSAFETY NET
dc.subjectBAILOUTS
dc.subjectCONSUMER PRICE
dc.subjectDAMAGE
dc.subjectINTERNATIONAL REINSURANCE
dc.subjectPROPERTY
dc.subjectBIDS
dc.subjectINSURANCE INDUSTRY
dc.subjectDISASTER PREPAREDNESS
dc.subjectMICRO-INSURANCE
dc.subjectDISASTER MANAGEMENT
dc.subjectBALANCE SHEET
dc.subjectMARKET
dc.subjectFLOOD
dc.subjectCREDIT GUARANTEE
dc.subjectPOLICY
dc.subjectSOLVENCY
dc.subjectINSURANCE
dc.subjectSOCIAL CAPITAL
dc.subjectMICROFINANCE
dc.subjectSUBSISTENCE FARMERS
dc.subjectMARKET SHARE
dc.subjectSECURITY
dc.subjectINVESTMENT
dc.subjectCREDIT GUARANTEES
dc.subjectRISK
dc.subjectSHARE
dc.subjectBALANCE SHEETS
dc.subjectPOVERTY
dc.subjectTREATY
dc.subjectALLOCATION
dc.subjectFINANCIAL CAPACITY
dc.subjectSUPPLY
dc.subjectINSURANCE SECTOR
dc.subjectDISASTER RISK REDUCTION
dc.subjectEXTERNAL SHOCKS
dc.subjectINVESTMENTS
dc.subjectRISK MANAGEMENT
dc.subjectCONSUMER PRICE INDEX
dc.subjectLENDING
dc.subjectEMERGENCY PREPAREDNESS
dc.subjectEPIDEMIOLOGY
dc.subjectINSURANCE COMPANIES
dc.subjectPRICE INDEX
dc.subjectFINANCIAL SECTOR
dc.subjectSAFETY
dc.subjectINSURANCE PENETRATION
dc.subjectERUPTIONS
dc.subjectINTERNATIONAL MARKETS
dc.subjectPRICES
dc.subjectGUARANTEE
dc.subjectRISK ASSESSMENT
dc.subjectREINSURER
dc.subjectRISK ANALYSIS
dc.titleInitial Market Assessmenten
dc.title.subtitleCountry Scoping Note--Tanzaniaen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.date.disclosure2015-07-13
okr.date.doiregistration2025-05-07T12:11:05.253764Z
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Other Financial Sector Study
okr.docurlhttp://documents.worldbank.org/curated/en/2015/07/24773652/initial-market-assessment-country-scoping-note-tanzania
okr.globalpracticeFinance and Markets
okr.globalpracticeSocial, Urban, Rural and Resilience
okr.guid611131467997562270
okr.identifier.externaldocumentum090224b082fece3a_1_0
okr.identifier.internaldocumentum24773652
okr.identifier.report98014
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/T_MNA/2015/07/12/090224b082fece3a/1_0/Rendered/PDF/Initial0market0ping0note000Tanzania.pdfen
okr.region.administrativeAfrica
okr.region.countryTanzania
okr.topicInsurance Risk Mitigation
okr.topicUrban Development::Hazard Risk Management
okr.topicFinance and Financial Sector Development::Non Bank Financial Institutions
okr.topicMacroeconomics and Economic Growth::Climate Change Economics
okr.topicFinance and Financial Sector Development::Debt Markets
okr.unitFinance Markets - GP - IBRD (GFMDR)
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