ARiS

What ARiS does

ARiS Risk & Insurance Solutions Ltd is a privately held insurance brokerage and risk management firm headquartered in Dar es Salaam, Tanzania, founded in 1998. The company operates as an intermediary placing insurance risks with carriers across all major classes, including property, marine, aviation, engineering, medical, motor, life, and miscellaneous lines, and serves corporate enterprises, SMEs, and specialized industries such as aviation, oil & gas, and large infrastructure projects. With wholly-owned subsidiaries in Kenya, Uganda, and the United Kingdom, ARiS is the first Tanzanian insurance entity to establish a multi-country footprint and operates a London-based wholesale broking arm registered as an Overseas Lloyd's of London Broker.

The firm's underlying technology stack centers on a proprietary ERP system called Finsure+ (formerly ARiSe), conceived under director Manoj Shinde, which functions as the operational backbone for brokerage, policy administration, and claims workflows. Strategic correspondent partnerships with WTW, Gallagher, Chedid, and Alesco extend ARiS's reach into Lloyd's of London and global reinsurance markets, while the LIMED sub-brand focuses on the life and medical insurance segment.

ARiS earns revenue primarily through insurance brokerage commissions on placed premiums (a transaction-fee model), supplemented by premium financing arrangements structured through partnerships with Tanzanian banks, training services for client staff, and fees on claims handling with settlement targeted within 7-15 days of discharge voucher signing. The go-to-market is sales-led and relationship-driven, relying on direct client engagement across the four offices, supported by ISO 9001:2015 certification and the Chartered Insurance Institute (CII) International Professional Partner Firm designation awarded in 2023.

Name

ARiS

Legal name

ARiS Risk & Insurance Solutions Ltd

Website

https://aris-world.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

51–100 employees

Short description

ARiS Risk & Insurance Solutions Ltd is a privately held Tanzanian insurance brokerage founded in 1998, placing commercial risks across all major classes for corporate, SME, and specialized-industry clients in Tanzania, Kenya, Uganda, and the UK (Lloyd's).

Ownership category

akta.pro rank

Product category

Insurance Brokerage Services

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (524210)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro industry

PRIMARYFSAEADAM

Insurance Due Diligence & Transaction Risk Advisory (M&A, W&I)

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Insurance Brokerage & Risk Advisory

SECONDARYFSAOAHAI

Reinsurance Claims, Accounting & Contract Administration (Broker Services)

Financial & Insurance/Reinsurance/Reinsurance Brokerage & Intermediation

Keywords

• Insurance brokerage services
• Risk management solutions
• Marine insurance coverage
• Engineering insurance services
• Claims management services

Headquarters

HQ city

Dar Es Salaam

HQ country

Tanzania

HQ region

Africa

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D

Revenue model

1. Insurance Brokerage Commissions: As an insurance broker, ARiS earns commissions from insurance providers for placing client risks. They negotiate competitive terms with insurers and provide claims management services.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

ARiS operates as an insurance brokerage and risk management firm, placing comprehensive insurance programmes with insurers across East Africa and the London Market. Core services include insurance placement across all classes (property, marine, aviation, engineering, medical, life, motor, miscellaneous), claims handling with 7-15 day settlement, premium financing through partner banks, and client training programmes. The firm combines local East African market knowledge with correspondent partnerships to WTW, Gallagher, Chedid, and Alesco for international reinsurance access.

Product overview

ARiS is a comprehensive insurance brokerage and risk management firm operating as a platform of interconnected insurance services rather than a single product. The core offering is the Placement of the Insurance Programme, supported by specialised insurance lines (Engineering, Marine, Medical branded as LIMED, and Miscellaneous including bonds and liabilities) and supplementary services (Handling of Claims, Premium Payment Plans, and Training). The product portfolio includes distinct insurance products across categories: Accident (Group Personal Accident), Aviation, Engineering, Fire (Asset All Risks, Domestic Package, Fire and Perils), Life (Group Life), Marine (Cargo, Hull, P&I), Medical, Motor, and Miscellaneous coverage types. The company operates as an insurance intermediary/broker with regional presence across Tanzania, Kenya, Uganda, and the United Kingdom, leveraging strategic partnerships (WTW correspondence, Gallagher, Chedid, Alesco) to source risk solutions. Internal systems like Finsure+ ERP and the LIMED sub-brand for medical business support service delivery. The company has evolved from humble beginnings in 1998 as an agency to become the largest insurance broker in Tanzania with over 400 years of combined professional experience.

Differentiator

Problem solved

Functional benefit

Brands

• LIMED: Life and Medical Business brand under ARiS

Products and services

• Placement of the Insurance Programme

Quantifiable outcome

• Claims settlement within 7-15 days from date of discharge voucher signing

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered core and major.

• WTW (Willis Towers Watson)coreStrategic or Co-development PartnerARiS Risk & Insurance Solutions Ltd is an independent, correspondent partner of WTW, drawing on WTW's expertise and global footprint to serve clients. This partnership provides access to WTW's international expertise and network.
• GallaghermajorChannel Partner/ Reseller/ DistributorStrategic correspondence partner providing access to Gallagher's global insurance network and resources.
• ChedidmajorChannel Partner/ Reseller/ DistributorStrategic correspondence partner in the reinsurance and insurance brokerage network.
• AlescomajorChannel Partner/ Reseller/ DistributorStrategic correspondence partner providing access to Alesco's insurance and risk management services network.

Scale indicators6 records

Recent moves9 records

Expansion highlights6 records

Regional players

• Minet Insurance Brokers: Minet is a leading East African insurance brokerage with presence in Kenya, Uganda, Tanzania, and other regional markets — a regionally comparable East African broker serving corporate and SME clients with similar product breadth, though originating from Kenya rather than Tanzania.
• Jubilee Insurance: Jubilee Insurance is one of the largest composite insurers and brokers in East Africa operating across Kenya, Uganda, Tanzania, and beyond — comparable as a peer for corporate insurance placement, life and medical (analogous to ARiS's LIMED product), and specialty lines within the same East African market.
• Britam Holdings: Britam is a leading East African diversified financial services group offering insurance, asset management, and brokerage across Kenya, Uganda, Tanzania, and beyond — a comparable regional competitor for both corporate and life/medical lines.
• Trident Insurance Brokers: Trident is a Kenya-based corporate insurance broker serving the East African market across general insurance and specialty lines — a comparable regional broker competing for many of the same corporate accounts that ARiS targets in Kenya, Uganda, and Tanzania.

Direct peers

• Alexander Forbes: Alexander Forbes is a South Africa-headquartered financial services group and a former majority owner of ARiS (2002-2013) — a direct historical peer in insurance brokerage and employee benefits across Africa with strong overlap in the same corporate segments.

Broad incumbents

• Gallagher: Gallagher is a global insurance broker listed by ARiS as a strategic correspondence partner, with growing African operations serving commercial and corporate clients across property, casualty, marine, and specialty lines — closely comparable to ARiS's product mix and customer segment.
• Marsh & McLennan: Marsh is a global insurance brokerage leader present across Africa providing risk advisory, specialty placement, and claims services to corporate clients — overlapping strongly with ARiS's placement, claims, and specialty (marine, aviation, engineering) capabilities.
• Willis Towers Watson (WTW): WTW is a global insurance broker and ARiS's stated independent correspondent partner; WTW serves the same corporate risk-management clientele across Africa using a similar placement-plus-advisory model. Direct overlap with ARiS both as a partner and as a competitor for multinational placements.
• Old Mutual Emerging Markets: Old Mutual is a broad African financial services incumbent with extensive insurance, asset management, and corporate insurance brokerage across East and Southern Africa — overlapping with ARiS on corporate insurance placement and group benefits, though at materially larger scale.
• Aon: Aon plc is one of the world's largest insurance and reinsurance brokers with extensive African operations offering corporate risk management, brokerage, and consulting services across all major lines — directly comparable to ARiS's full-service brokerage model although at vastly greater scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/aris-eastafrica

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ARiS