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Ethiopian Insurance Corporation Profile
About Ethiopian Insurance Company
Established in 1976 under
Proclamation No. 68/1975, Ethiopian Insurance Corporation (EIC) has been a
cornerstone in the nation's insurance sector, inheriting the assets and
liabilities of thirteen nationalized private insurance companies with a paid-up
capital of Birr 11 million (USD 1.29 million). Operating under a protected
monopolistic system for nineteen years, EIC transitioned into a public
enterprise in 1994, with a paid-up capital of Birr 61 million (USD 7.13
million), following a fundamental shift in political, economic, and social
orientation towards liberalism.
As a re-established state-owned
enterprise, EIC has embraced a vision to become a world-class insurer by 2025,
striving to provide efficient and reliable insurance services while
contributing to the national economy's sustainable development. With a mission
to deploy expertise, state-of-the-art technology, and cost-effective
strategies, EIC aims to fulfill the diverse needs of its customers while
engaging in investment activities. Grounded in core values such as customer
focus, development partnership, proactiveness, excellence, transparency,
teamwork, professional ethics, and continual learning, EIC remains committed to
delivering exceptional service and upholding ethical standards within the
insurance industry.
Contact Address
- Email: eic.mdxvs@eic-et.com / bdrm@eic-et.com / comesaycard@eic-et.com
- Telephone: +251-11-551-2400
- Fax: +251-11-551-7499
- P.O.Box: 2545
Board of Directors
NA
Executive Management Team
- Netsanet Lemessa – Chief Executive
Officer
- Mussie Amare – A/DCEO, Resource
Management Office
- Ejigayehu Wedajo – A/DCEO, Finance
& Investment Office
- Mengistu Meharu – DCEO, Business
Development & Risk Management Office
- Fikry Abdulmejid – A/DCEO, General
Insurance Office
- Shiferaw Lencho – A/Director, Legal
Services Directorate
- Kidist Admasu – Director,
Information Technology Service Management Directorate
- Sisay Nigussie – Director, Internal
Audit Directorate
Annual Reports
Please visit https://eic-et.com/index.php/annual-report/