Constitution and legal status of the Company
The company is limited by shares, under the Companies Ordinance, Chapter 212 of Companies Act of 2002 and 100% of shares is owned by Tanzanian and is domicile in Tanzania
Registration and Incorporation
REOS INSURANCE BROKERS LIMITED was registered under the insurance Act No. 18 of 1996 after the liberalization of insurance business in 1996, and commenced its operation with effect from 4th February 2002 after the State Insurance Brokers Ltd the former subsidiary company of the National Insurance Corporation (T) Ltd ceased its business operation with effect from April 2000 of which Some of the SIB Ltd employees jointly under the leadership of Alfred Mac John established the firm.
The Company is authorized to conduct Insurance Brokerage service by the Commissioner of Insurance under Insurance Act and its regulations of 1996 and new Act of 2009. The Company underwrites spectrum of General Insurance Business and Risk management consultation.
Reos is a corporate member of Tanzania Insurance Brokers Association (TIBA), Association of Tanzania Insurers (ATI) and registered member as a Professional Insurance Broker from Tanzania Insurance Regulatory Authority (TIRA)
To provide exceptional insurance broking services by exceeding the expectations of all our customers, become the insurers’ partner of choice, while increasing our market share
To offer prompt and quality advisory services in insurance matters particularly in Selection reliable insurers who will settle the genuine and fully documented claims in the shortest possible time.
To provide technical advice on risk improvement to minimise the risk with the aim of reducing premium payment
To provide market information on new and existing insurance products to both existing and new clients
To operate profitably at the same time ensuring customers satisfaction
To provide assistance to the insured on the occurrence of unforeseen events that results into Claims on all procedures i.e. Documentation, Presentation to Insurers, and Finally payments, all at optimum level and efficiency
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