Micro Insurance Company (MIC) - described as "the first global end-to-end digital insurance platform" - is partnering with TanManagement Insurance Brokers to grow digital insurance in Tanzania.
MIC brings to the partnership its digital insurance expertise, B2B network, innovative product development, process design, and reinsurance support, while Tan Management provides the licence and outreach.
MIC has been working to partner with like-minded businesses and organisations in order to grow the distribution of microinsurance globally. The appointment of TanManagement, as MIC's representative in Tanzania, is part of this ongoing endeavour.
This partnership was formed as a result of leveraging the platform provided by Brokerslink – a global company that owns and manages a worldwide insurance broking network with the initiative to strengthen the growth of digital insurance.
Through the joining of forces between MIC and TanManagement, new and innovative insurance products will be developed and delivered to millions of individuals and businesses via various B2B partners such as telecom operators, e-commerce platforms, mobile money operators, ride hailing apps, and other platforms.
TanManagement Insurance Brokers has grown from a small office in Moshi to being one of the top 10 brokerage firms in Tanzania.
MIC started operations on 1 July 2020 following the merger of STP Group with MicroEnsure and TonkaBI to provide microinsurance to Internet platforms.