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Tanzania: More insurance growth through oil and gas sector possible

July 30, 2014 - 6:00am

Tanzania's insurance industry will have the capacity to underwrite at least $20 million in premiums annually from the oil and gas sector in the coming few years, reports AllAfrica citing Tanzania Daily News.

Meanwhile, Tanzania Insurance Board chairman Peter Ilom said the insurance sector grew by 17% in 2013, with premiums underwritten totaling 475.8 billion Tanzanian shillings ($299.7 million).

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