Mo Assurance is MeTL Group’s first venture into the country’s financial services sector. Mo Assurance, launched in 2007 is unique amongst Tanzania’s insurance business fraternity. It is the first fully Tanzanian, private sector insurer.
A late entrant into the insurance business, Mo Assurance is proud to have a significant share of the market and be one of the country’s top 5 profit-making insurance companies. We attribute our success in Tanzania to our groundbreaking micro-insurance offerings.
Mo Assurance has disrupted the traditional insurance market by bringing affordable insurance that can be purchased easily by all customers. For as low as TZS 1500 per month (USD 0.64) people can buy coverage easily on their mobile phones through Tigo or Vodacom. With only 40 employees and three regional offices in Arusha, Mwanza, and Zanzibar, Mo Assurance has capitalised on mobile technology and MeTL Group’s brand recognition, growing its footprint and client base to more than 80,000.
Mo Assurance offers more than 25 general insurance products in partnership with Milvik and distributed through Tigo and Vodacom. Our range of insurance products include travel and health insurance. ire, allied & special perils, burglary, consequential loss insurance, accident, theft and fraud, product liability, public liability, marine cargo, workmen’s compensation, motor insurance, domestic package for homeowners, and contractor’s all risk insurance.
Insurance carriers promise that when customers have mishaps, they will get them back on track At Mo Assurance we pride ourselves as an insurer who puts lives first while offering exceptional customer service and paying claims promptly. Our goal is to grow our product offerings to 1,000,000 in the next five years — we are on track.