Wednesday, June 19, 2019
   
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The Tanzania Insurance Regulatory Authority (TIRA) has awarded contracts worth TZS. 1.4 billion to 23 companies for supply of goods and services in the financial year 2017/18, TPJ has learnt.

The authority’s website carries information indicating that tenders were awarded to both public and private companies, including Government Procurement Services Agency (GPSA), Puma Energy Ltd, Fein One Investment Ltd, WingLink Travel Ltd and BM Printers.

 According to information contracts with the five suppliers had a combined value of around TZS. 1.03 billion, which is 71 percent of the value of all the contracts.

Puma Energy Ltd took the lead of the business for the supply of fuels to TIRA, followed by GPSA for the supply of motor vehicles while printing of motor vehicles stickers was done by BM printers and provision of air ticket services was done by Winglink travel Ltd.  

Other major suppliers for TIRA during the financial year included Tanzania Telecommunications Ltd (TTCL) for providing internet services, Suma JKT for securing TIRA while the contract for supply of uniforms went to Yamasi Company Ltd.

TIRA was established in 2009 and is run by the commissioner of insurance to promote and maintain an inclusive, efficient, fair, safe and stable insurance market for the benefit and protection of policy holders. Its mandate extends to Zanzibar where it is under the deputy commissioner of insurance.

Currently, the market comprises of 31 insurers of which 25 are transacting general insurance business, four are life insurance companies, one does both general and life insurance as well as local reinsurer.

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