reliance insurance

Origin

Reliance Insurance Company (T) Limited was promoted in 1998 in the light of the opportunities offered by the privatization of the insurance industry. Local businessmen of repute joined hands with Pan Africa Insurance Company Limited of Nairobi, Kenya to infuse the envisaged initial paid - up capital of T.Shs.600 million. APA Insurance Limited, acquired the shares consequent to merger of Pan African Insurance and Apollo Insurance. The company was among the first few companies licensed in 1998 and started operation October 1998. The company has been making steady progress and has built a strong financial base and reputation for strong customer oriented culture. The share holding in the company is as under:

APA Insurance Limited: 34.00%
Tanzanians: 33.33%
Other foreign investors: 32.67%

One of the leading private non-life insurers in Tanzania offering wide range of products to cover all kinds of property and liability risk exposures like Fire, General Crime and Accident, Motor Vehicles, Cargo etc. Committed to excellence in customer service and Corporate Good Governance.

Our Vision

To be the most preferred insurer among all insurers in Tanzania through Innovation and Excellence.

Our Mission

To enhance customer confidence and loyalty by offering reliable insurance protection at affordable cost backed by efficient services in an environment of team spirit and high standard of Corporate Governance.

Annual Reports

Below are our annual reports, click on them to view.

Annual report 2016  
Annual report 2015  
Annual report 2014  

Our Auditors: Horwath Tanzania

 

Global Credit Rating (GCR): ‘A

Our Board of Directors

#
Name
Nationality
Key External Profile
1
Mr. Mohammed Sumar - Chairman
Tanzanian
MD, Sumar Varma Associates - Architects
2
Mr. Munir Bharwani
Canadian
Mg. Director, Computer Centre Ltd
3
Mr. Murtaza Habib
Tanzanian
Partner, Sadmur & Co,
Certified Public Accountants
4
Mr.Ashok Shah
British
CEO, APA Insurance Limited, Nairobi
5
Mr. Pratul Shah
Kenyan

Director, I & M Bank (T) Ltd, ISP Kenya Limited and Car & General (K) Ltd,
Consultant to APA Insurance Limited, Kenya

6
Mr. Bharat Ruparelia
Alternate to Pratul Shah
British
MD, Alldean Satellite Systems Tz Ltd
Director, Calico Mills Tz Limited & several other Companies
7
Leonard Mususa
Tanzanian
Director ARM CEMENT LTD- MAWENI
8
Ms Lucy Sondo
Tanzanian
Senior Partner – Abeny & Company, Advocate