Last Saturday marked a major milestone for CRDB Insurance Company Limited after its Managing Director, Mr Wilson Mnzava, was named the Best Chief Executive Officer (CEO) of 2025 during the ATI Bima Awards organised by the Association of Tanzania Insurers (ATI).
The award, which brought together thousands of the industry’s stakeholders, was introduced for the first time to recognise outstanding performance in Tanzania’s insurance sector, with a focus on innovation, customer protection, market growth and contribution to the national economy.
For CRDB Insurance, the recognition comes at a time when the company is still relatively young in the market but has continued to record strong growth driven by its bancassurance model anchored on CRDB Bank’s extensive retail and digital network.
The industry’s performance indicators played a key role in justifying the recognition. In 2025, CRDB Insurance emerged among the fastest-growing insurers in Tanzania, posting strong results across all key financial metrics. Gross Written Premium (GWP) rose from Sh26.9 billion in 2024 to Sh55.7 billion in 2025, representing a 107 percent increase.
Profit before Tax (PBT) increased from Sh266 million to Sh6.1 billion, reflecting a remarkable growth of 2,199 percent, while profit after tax (PAT) rose from Sh346 million to Sh4.4 billion over the same period. Investment income also improved significantly, rising from Sh1.3 billion to Sh2.9 billion, equivalent to a 127 percent increase.
