Tamini Insurance

What Tamini Insurance does

Tamini Insurance SA is a private Takaful (Islamic cooperative) insurance provider founded in 2021 and headquartered at Place Menelik in Djibouti City, Republic of Djibouti. It is positioned as the first Islamic insurance company in Djibouti, operating under a mutual-guarantee model in which policyholders contribute to a shared participant fund and share in any surpluses through dividends or premium reductions, while a separate shareholder fund captures the operator's economics. The company offers an eight-line product portfolio — automotive, home, marine (cargo and hull), travel, business, retail (glass-facade focused) and personal (accident, third-party liability, professional indemnity) — all under the Takaful wrapper, with coverage structures including open policies and single-trip options.

Name

Tamini Insurance

Legal name

Tamini Insurance SA

Website

https://tamini-insurance.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Tamini Insurance is the first Takaful (Islamic cooperative) insurer in Djibouti, offering eight lines of personal and commercial coverage — automotive, home, marine, travel, business, retail and personal — to individuals and businesses, with stated plans to expand across East Africa.

Ownership category

akta.pro rank

Headquarters

HQ city

Obernai

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Revenue model

1. Insurance Premiums: Tamini Insurance generates revenue through collecting premiums from policyholders across multiple insurance product lines including automotive, home, travel, marine, retail, business, and personal insurance. As a Takaful (Islamic cooperative insurance) provider, contributions are made to a mutual fund, and any surpluses may be distributed to participants as dividends or premium reductions.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Tamini Insurance sells personal and commercial insurance products — automotive, home, marine/cargo, travel, business, retail, and personal accident/professional indemnity coverage — structured under a Takaful (Islamic cooperative insurance) model. Policyholders contribute to a shared mutual fund, and any surpluses may be returned as dividends or premium reductions, in compliance with Sharia principles.

Product overview

Tamini Insurance operates as a mutual aid cooperative insurance company offering a comprehensive portfolio of insurance products. The product lineup consists of Automotive Insurance (covering vehicle damage and third-party liability), Home Insurance (fire risk and property protection), Marine Insurance (cargo and ship coverage via sea, air, and land transport), Travel Insurance (trip protection with medical evacuation and baggage assistance), Business Insurance (employee accident and misconduct coverage), Retail Insurance (glass facade coverage for commercial properties), Personal Insurance (personal accident, third-party liability, and professional indemnity), and Takaful (Islamic Insurance) as the core Sharia-compliant offering. All products operate under the Takaful mutual guarantee model where subscribers contribute to a shared fund and participate in profits and losses.

Differentiator

Problem solved

Functional benefit

Products and services

• Automotive Insurance Provides vehicle coverage by compensating the insured for damage or loss to their vehicle, accessories and spare parts, and covers third-party liability for physical and material damage caused by the insured vehicle. Targeted at individual car owners in Djibouti.
• Home Insurance Covers the insured against loss or damage to residential property resulting from fire and/or lightning strike, with optional additional coverages available. Targeted at individual homeowners and renters in Djibouti.
• Marine Insurance Provides coverage for imported and exported goods during transport by sea, air or land, and insurance coverage for ship bodies (hull all risk), including yachts, fishing vessels, commercial vessels and port boats. Targeted at import/export businesses and maritime operators in Djibouti.
• Travel Insurance Offers protection against accidents during business trips or vacations abroad, including travel assistance, legal assistance, luggage loss assistance, emergency medical evacuation, repatriation of remains, parental visit arrangements, and recovery expenses. Targeted at individuals traveling domestically or internationally.
• Business Insurance Covers employees against accidents occurring during work and compensates the insured for financial loss suffered as a direct result of employee misconduct including fraud, forgery, or theft of entrusted money or goods. Targeted at business owners and employers in Djibouti.
• Retail Insurance Provides glass facade insurance designed for shops of all sizes, restaurants, hotels and buildings with glass-wall structures. Targeted at retail business owners in Djibouti.
• Personal Insurance Provides comprehensive insurance protection for persons or their legal representatives in the event of physical accident or death due to accident involving violence or external visual means, including third-party liability and professional indemnity insurance for engineers, doctors, lawyers, insurance brokers and banks. Targeted at individuals and professionals in Djibouti.

Segments7 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves4 records

Expansion highlights5 records

Regional players

• Jubilee Insurance: One of the largest insurance groups in East Africa (Kenya, Uganda, Tanzania, Burundi, Mauritius) offering P&C, life, and health lines. Directly comparable as a regional multi-line insurer operating in the same target geography where Tamini intends to expand.
• UAP Insurance: East African insurer (now part of Old Mutual) offering motor, home, marine, travel, and business lines similar to Tamini's portfolio. Directly comparable in product mix and target geography.
• Britam Holdings: Pan-African financial services group headquartered in Kenya with substantial P&C, life, and asset management operations across East Africa. Comparable as a multi-line regional insurer expanding across the same geography Tamini targets.
• Wafa Assurance: Major Moroccan insurer offering P&C, life, and Takaful-family lines across North and West Africa. Comparable as a regional multi-line insurer with Takaful capability operating in an adjacent African geography.
• Islamic Insurance Company (Sudan): Sudanese Takaful insurance carrier offering Islamic-compliant P&C and family lines. Comparable as a regional Takaful operator in Africa, though not directly competing in Tamini's current Djibouti market.
• Salama Insurance (Algeria): Leading Islamic insurance (Takaful) provider in North Africa offering P&C, life, and family Takaful products. Comparable as a Takaful operator in an African market, though in a different geography from Tamini's current base.

Broad incumbents

• Old Mutual Africa: Pan-African financial services group with P&C, life, and investment operations across East and Southern Africa. Comparable as a broad incumbent with capital depth, reinsurance access, and multi-country reach that Tamini lacks.
• AXA Africa (AXA Emerging Markets): Global insurance giant with growing African footprint across P&C, life, and health lines. Comparable as a broad incumbent that could enter or expand in Djibouti and East Africa, competing against Tamini's product portfolio.
• Allianz Africa: Global insurance and asset management leader with established presence in African markets. Comparable as a broad incumbent with the capital, reinsurance, and product breadth to challenge niche regional players like Tamini.

Emerging players

• Takaful Insurance of Africa: African-focused Takaful operator offering Sharia-compliant insurance products. Comparable as a niche Takaful specialist competing for the same underserved Sharia-conscious customer segment in Africa.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/Tamini.insurance
• LinkedInlinkedin.com/company/tamini-insurance

Revenue estimate

Valuation estimate

Number of profiles

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 Tamini Insurance