Get National Insurance Company of Ethiopia (NICE)'s Insight including Profile, Financial Performance, Annual Reports, Board of Directors, Management teams, Products and Services, Contacts and Addresses and much more.
National Insurance Company of Ethiopia (NICE) Profile
About National Insurance Company of Ethiopia
Establishment: Founded in
1994, NICE is the first privately owned insurance company in post-1994
Ethiopia.
Location: Headquartered in
Addis Ababa, Ethiopia, with operations spanning across 43 branch offices and 7
licensed contact offices nationwide.
Commencement: National
Insurance Company of Ethiopia commenced business operations in October 1994.
Share Capital Structure:
Authorized Capital: Birr
250,000,000 divided into 250,000 shares of Birr 1,000.00 par value each.
Paid-up Capital (June 2023): Stands
at Birr 237,805,373, demonstrating financial stability.
Insurance Policies:
Designed to conform to
international insurance market standards.
Incorporate terms and conditions to
safeguard customers' interests and clarify rights and obligations.
Focus on advising clients to obtain
appropriate insurance coverage at competitive premium rates.
Reinsurance: Backed by
reputable international reinsurers known for their financial strength and
prudence.
Vision: Strives to become
one of the top five private insurance companies in Ethiopia by 2032.
Mission: Provide superior
insurance service by deploying modern technology and professional staff.
Address and Contact Information
Head Office: Debre Zeit Road ZEFCO
Building Kirkos sub-city K.05/06/07 H.No 894, Addis Ababa
Phone : +251 11 4 705 378 / +251 11
4 704 967
Fax : +251 11 465 0660
P.O.Box: 12645
Addis Ababa, Ethiopia
E-mail: info@niceinsurance-et.com
Board of Directors
- Mr. Gebeyehu Bekele – Chairperson
- Mrs. Zadigwa Tsehay - Vice
Chairperson
- Cap. Yegzeru Belete – Member
- Mr. Abrham Atlabachew – Member
- Mr. Demre Demse – Manager
- Mr. Ayele Asfawosson – Member
- Tamrat Iyob (Eng.) – Member
- Mr. Belay Gizachew – Member
- Mr. Biruk Walelegn – Member
Executive Management Team
- Mr. Besrat Hailesilassie – CEO
- Ms. Alem Damte - Executive
Assistant & Advisor of CEO
- Mr. Misrak Wondafrash - Chief of
Operations
- Mr. Gizeaddis Balemual - Chief of
Strategy
- Mrs. Alemtsehay Degaga - Director,
Reinsurance Department
- Mr. Abebe Tegegn - Chief Corporate
Affairs
- Mr. Gezehagn Sitotaw - Director,
Legal Service Department
- Mr. Ashenafi Getachew - Director,
Administration and General Service
- Mr. Eliyas Yitagesu - Director,
Engineering Department
- Mr. Tekelemariam Hailemichael -
Chief Internal Audit
- Mr. Zeleke Wubetu - Acting
Director, Underwriting Department
- Mr. Fitsum Wubshet - Acting
Director, Finance & Investment Department
- Mrs. Seblework Tekilu – Director,
Claims Department
- Mr. Tariku Gebrehiwet – Director,
Information Technology Service Department
Annual Reports
Please visit https://niceinsurance-et.com/reports/