By Emmanuel Onyango
TANZANIA Insurance Regulatory Authority (TIRA) plans to introduce insurance lessons in the education sector to equip students with the knowledge of the sector from primary level.
The move would also help to teach insurance business matters to students at primary and secondary school levels, TIRA marketing official said.
TIRA’s Director of Marketing Development and Research Adelaida Muganyizi told Azania Post that the insurance sector will only grow if the knowledge about insurance is disseminated in schools.
TIRA has already drafted a proposal to the ministry of education and vocational training requesting to include insurance curriculum in the education sector.
“At the moment, TIRA has already formed the national insurance education strategy to provide capacity building to the general public on the awareness of the insurance sector in the country,” she said.
Under the program, social protection of communities, investment potentials on social activities and financial inclusion elements have been put in place to teach the public on cash savings to mitigate risks.
TIRA’s marketing director said until 2015, insurance awareness was only covering 36 percent of the population but lately, there has been an increase in awareness coupled with the influx of Information and Communication Technologies (ICT).
According to her, there were over 300 insurance agencies, 100 insurance brokers and 31 insurance companies operating in the country.