Tanzania – GCR

Low insurance penetration hamstrings East Africa’s short term insurance sector despite progressive regulatory initiatives

Mar 29, 2021

GCR Ratings has published the East Africa Short Term Insurance Bulletin, which discusses GCR’s 2020 short term insurance public credit ratings in Kenya, Tanzania and Uganda, and the 2021 outlook. The bulletin also presents graphic comparatives of financial performance of the sample of public ratings over the period 2015 to 2019.

Announcements Insurance Rating Alerts

GCR affirms Phoenix of Tanzania Assurance Company Limited’s national scale financial strength rating of
AA-_(TZ); Outlook Stable

Dec 23, 2020

Tagged in: Tanzania

Rating action Nairobi, 23 December 2020 – GCR Ratings (“GCR”) has affirmed Phoenix of Tanzania Assurance Company Limited’s (“Phoenix Tanzania”) national scale financial strength rating…

Announcements Corporate Rating Alerts

GCR affirms East African Development Bank’s international scale issuer rating of BBB-, balancing operating environment stress with a robust financial profile

Nov 20, 2020

Tagged in: Egypt | Kenya | Rwanda | Tanzania | Uganda

Rating Action Johannesburg, 20 November 2020 – GCR Ratings (“GCR”) has affirmed East African Development Bank’s international scale long and short-term issuer ratings of BBB-…

Announcements Insurance Rating Alerts

GCR affirms Alliance Insurance Corporation Limited’s national scale financial strength rating of A+_(TZ); Outlook Stable

Oct 27, 2020

Tagged in: Tanzania

Rating action Johannesburg, 27 October 2020 – GCR Ratings (“GCR”) has affirmed Alliance Insurance Corporation Limited’s (“Alliance”) national scale financial strength rating of A+(TZ), with…

Announcements Insurance Rating Alerts

GCR affirms Sanlam Life Insurance (Tanzania) Limited’s national scale financial strength rating of AA-_(TZ) ; Outlook Negative

Oct 19, 2020

Tagged in: Tanzania

Rating action Johannesburg, 19 October 2020 – GCR Ratings (“GCR”) has affirmed Sanlam Life Insurance (Tanzania) Limited’s (“Sanlam Life Tanzania”) national scale financial strength rating…

Announcements Financial Institutions Rating Alerts

GCR withdraws national scale issuer ratings on three African Banking Corporation entities without review

Aug 21, 2020

Tagged in: Botswana | Tanzania

Rating Action Johannesburg, 21 August 2020 – GCR Ratings (“GCR”) has withdrawn the national scale long term and short-term issuer ratings assigned to African Banking…

Announcements Insurance Rating Alerts

GCR affirms Heritage Tanzania’s national scale financial strength rating of AA_(TZ); Outlook Stable

Aug 20, 2020

Tagged in: Tanzania

Rating action Johannesburg, 20 August 2020 – GCR Ratings (“GCR”) has affirmed The Heritage Insurance Company Tanzania Limited’s (“Heritage Tanzania”) national scale financial strength rating…

Announcements Insurance Rating Alerts

GCR affirms ICEA LION Tanzania’s national scale financial strength rating of BB+_(TZ); Outlook Stable

Aug 12, 2020

Tagged in: Tanzania

Rating action Johannesburg, 12 August 2020 – GCR Ratings (“GCR”) has affirmed ICEA LION General Insurance Company (Tanzania) Limited’s (“ICEA LION Tanzania”) national scale financial…

Announcements Financial Institutions Rating Alerts

GCR affirms African Export-Import Bank’s international scale rating of A-, balancing operating environment stress with strong mandate and robust financial profile

Jul 31, 2020

Rating Action Johannesburg, 31 July 2020 – GCR Ratings (‘GCR’) has affirmed African Export-Import Bank’s international scale long term and short term issuer ratings of…

Announcements Insurance Rating Alerts

GCR affirms The Jubilee Insurance Company of Tanzania Limited’s national scale financial strength rating of A_(TZ); Outlook Stable

Jul 8, 2020

Tagged in: Tanzania

Rating action Johannesburg, 08 July 2020 – GCR Ratings (“GCR”) has affirmed The Jubilee Insurance Company of Tanzania Limited’s (“Jubilee Tanzania”) national scale financial strength…

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