Since 1998, Heritage Insurance has become the largest private insurance company in Tanzania with after tax profits of Tshs 2,1 billion, net assets exceeding Tshs 10 billion and a AA- rating by Global Credit Rating Company for claims paying ability.

Historically Heritage has focused on corporate business, insuring non-life corporate risk and has a fully qualified technical team to advise on Complete Risk Management Services. Going forward we intend to enter growth markets in the retail sector with exciting new products and distribution channels.

Heritage Insurance is a subsidiary of The Heritage Insurance Company, Kenya, whose roots can be traced back to 1908. Through Liberty Holdings’ investment in CfC Insurance Holdings (CfCIH) in East Africa, Heritage (TZ) is also a member of the Standard Bank Group, the largest financial services group in Africa.
(CfCIH is also the holding company of Heritage and CfC Life Assurance Ltd in Kenya and a group associate of Stanbic Investment Management Services (EA) Ltd in Kenya and Uganda.)

MAC Group Limited, Tanzania is Heritage’s (TZ) local partner with a share holding of 40% and Heritage in turn has 40% share in Strategis Insurance and 45% in Alliance Insurance Corporation. These strategic investments underline the company’s commitment to the Tanzanian insurance market.

Heritage’s achievements can be attributed to prudent and professional management, financial strength, sustained support from its business partners and it is the first choice of most leading business houses in Tanzania including Barrick Gold, Geita Gold, Tanzania Breweries Limited, Vodacom and the Tanzania Ports Authority to mention just some of its 2,500 clients.

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