Get Zemen Insurance Company S.C.'s Insight including Profile, Financial Performance, Annual Reports, Board of Directors, Management teams, Products and Services, Contacts and Addresses and much more.
Zemen Insurance Company S.C. Profile
About Zemen Insurance Company
1. Establishment: Founded by
898 founding shareholders in 2020, Zemen Insurance Share Company (ZISC) is a
private insurance company registered at the Ministry of Trade and Industry on
January 24, 2020. It received its license to operate non-life or general
insurance business from the National Bank of Ethiopia on January 17, 2020, with
initial subscribed and paid-up capital of Ethiopian Birr (ETB) 112.2 million
and 79.89 million respectively.
2. Operational Commencement:
ZISC commenced insurance operations on June 5, 2020, boasting the highest
amount of capital at launch in Ethiopian insurance history, with paid-up
capital and equity of Birr 98,799,200 and Birr 116,653,942 respectively, as of
June 30, 2020.
3. Vision: Zemen Insurance
aspires to be the lookout of choice for insurance customers, reflecting its
commitment to excellence and customer satisfaction.
4. Mission: The company aims
to provide efficient and effective general insurance services to its customers
using state-of-the-art technology, professional, competent, and ethical human
capital, while conducting business in a socially responsible manner.
5. Core Values:
Respect: Valuing
stakeholders to build lifelong relationships.
Honesty, Integrity, and
Professionalism: Upholding the highest standards of professionalism and
keeping promises.
Proactive and Innovative:
Embracing innovation and knowledge-based services supported by state-of-the-art
technology.
Learning Organization:
Committed to continuous learning to meet customers' needs.
Time Value: Providing
reliable, fair, and prompt claims service.
Enthusiasm and Teamwork:
Passionate about work and fostering teamwork.
Transparency and Accountability:
Leading with transparency and accountability.
6. Motto: "Insuring
Progress" - encapsulating the company's commitment to facilitating
progress and growth through insurance services.
Zemen Insurance strives to uphold
its core values while providing comprehensive and reliable insurance solutions,
contributing to the socio-economic development of Ethiopia and ensuring
customer satisfaction and trust.
Address and Contact Information
Head Office: Bole Alem Building 2nd
Floor, Addis Ababa, Ethiopia
Phone Number: +251115575464 /
+251115575850
Fax Number: +251116150001
Email Address: info@zemeninsurance.com
P.O.Box: 23029
List of Board of Directors of Zemen Insurance
- Engineer Melaku Ezezew –
Chairperson
- Mr. Girma Seifu - Deputy
Chairperson
- Mr. Kolele Tadesse – Director
- Mr. Mikre Ayalew – Director
- Dr. Elias Berhanu – Director
- Mr. Solomon Mengisteab – Director
- W/o Meron Tadesse – Director
- Mr. Ayele Tibebu – Director
- Mr. Sileshe Tegabu – Director
Executive Management Team of Zemen Insurance Company
- Mr. Endalkachew Zelekew - Chief
Executive Officer
- Mr. Kassahun Tamene - Director,
Underwriting and Customer Service
- Mr. Mengesha Tesfaye - Director,
Finance
- Mr. Mesafint Asfaw - Director,
Engineering and Loss Adjusting
- Mr. Hailu Mekonnen - Marketing
Service Manager
- Mr. Sintayhue Ermias - Internal
Audit Division Manager
- Mr. Gashaw Aschalew - Acting
Director, Claims Management
Annual Reports
Please visit https://zemeninsurance.com/publications/#report