Tanzania Insurance Broker Association (TIBA) was registered under Interior Ministry / RITA . TIBA has a constitution which was accepted by all members in 2010 TIBA is run by a Board of Senators who are elected by the members.
The main objects of TIBA are to promote interaction among the Insurance Broker Members and to encourage, promote, facilitate and protect the interests of the members of TIBA and to provide an avenue to the members for further education, training and research in all fields of insurance and represent the interests of Brokers with other organizations.
Current TIBA has more than 90 live members. TIBA members control over 60% of the entire insurance market. It is compulsory for any broker to be a TIBA member before you can obtain a valid broking licence. Broking license is renewable annually.