Resolution Insurance, a health insurer,
has made possible for its clients to receive health services across
East African Community (EAC) hassle free, thanks to technology
advancements.
The firm, which entered the Dar es
Salaam market as a brokerage firm in 2009, said its clients only need to
carry their identification badge and call over 450 medical service
providers in the region to receive service.
The firm’s Group Chief
Executive Officer, Mr Peter Nduati, told the 'Daily News' that currently
their services are available in Kenya, Uganda and Tanzania while others
would come on board soon.
“The vision of Resolution is to be the
acknowledged leader and preferred provider of insurance services in
Africa,” Mr Nduati said.
The CEO was speaking in Dar es Salaam during
the launching of Resolution Insurance in the country after graduating
from brokerage firm to a full-fledged health insurance.
Regal Insurance
Broker, Ms Lulu Lwavu said unlike other health insurers, Resolution
clients need only the ID with no need for cover letter and have to visit
at their centres, a serve which is inhospitable.
The CEO said there is a
great potential insurance business in Tanzania as the penetration is
merely 0.7 per cent per GDP, which is the lowest in the region against
1.0 per cent and 3.0 per cent in Uganda and Kenya respectively.
In that
backdrop, the firm has invested 650,000US dollar (about 1.04bn/-) for
state-of-the-art health insurance products in the country.
Some of the
fund would be directed into opening new agency offices in Kariakoo this
year, then Arusha next year and in 2015 Mwanza, Mtwara and Mbeya.
“There
is big opportunity in health covers for the middle class, the area is
not fully tapped,” Mr Nduati said, “We target to have 12,000 family
clients by 2013 from the current 1,700.”
He said the low penetration as
per GDP measure demonstrates the untapped potential in the country,
saying the market needs education and awareness in health insurance.
“Peoples need to realise the importance of cover life and not vehicle
only,” the CEO, who once worked as a country head for AAR Health
Services, said.
Source:The Daily News,http://www.dailynews.co.tz, reported by Abduel Elinaza in Dar es Salaam
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