EthiopiaEast Africa · ET · ETB

Ethiopia

ኢትዮጵያ

19 licensed entities supervised by the National Bank of Ethiopia.

Listed insurers
19
Insurance classes
2
Groups present
0
Illustrated collage of Ethiopia, inspired by Lalibela, Addis Ababa, Simien Mountains.
Ethiopia
INSURERS.GLOBAL / ETAn illustrated portrait · AI-created artwork

A sense of place

Beyond the numbers.

Heritage, places of work and the landscapes that connect them. Three selected references behind this artistic portrait.

Local names, languages & illustration notes

Selected local names and languages, with links to the references behind this artistic composition.

EthiopiaEthiopia

Amharic
ኢትዮጵያ

Name reference: mledoze/countries · ODbL data · ODbL licence. Flag artwork: flag-icons · MIT.

By class of business

Each company is counted once, under the class its register row records. The supervisor’s own tally counts licences, so a company licensed for more than one class appears more than once there.

By ownership

  • Domestic private17 89%
  • State-owned / parastatal2 11%

Verification log

Partially verified - NBE lists the 18 direct insurers (directory entries last edited Oct-Dec 2023, confirmed by the NBE Annual Report 2024/25 as at 30 June 2025); the reinsurer Ethiopian Re is not on either list · National Bank of Ethiopia, Financial Institutions > Insurers directory (WordPress 'insurers' records, 18 entities, retrieved 22 Sep 2026), cross-checked against NBE Annual Report 2024/25 Table 4.6 'Branch Network & Capital of Insurance Companies as at June 30, 2025' (18 companies)

All 18 direct insurers match the NBE insurer directory and the NBE Annual Report 2024/25 list (as at 30 June 2025); no additions or removals. Ethiopian Re (reinsurer) is not on either NBE list and remains unverified; NBE gives no licence class, so the composite classCodes are not register-confirmed.

Licensed insurers in Ethiopia

Scroll horizontally to compare columns.

CompanyClassParent / groupOwnershipRegulatorVerificationPopularity
Abay Insurance
Registered as Abay Insurance S.C.
CCompositeIndependentDomestic privateNBEPartial—
Africa Insurance Co
Registered as Africa Insurance Company S.C.
CCompositeIndependentDomestic privateNBEPartial—
Awash Insurance Co
Registered as Awash Insurance S.C.
CCompositeAwash GroupDomestic privateNBEPartial—
Berhan Insurance
Registered as Berhan Insurance S.C.
CCompositeIndependentDomestic privateNBEPartial—
Bunna Insurance
Registered as Bunna Insurance S.C.
CCompositeIndependentDomestic privateNBEPartial—
Ethio Life & General Insurance
Registered as Ethio-Life & General Insurance S.C.
CCompositeIndependentDomestic privateNBEPartial—
Ethiopian Insurance Corp (EIC)State-owned
Market leader; Registered as Ethiopian Insurance Corporation
CCompositeGovernment of EthiopiaState-owned / parastatalNBEPartial—
Global Insurance Co
Registered as Global Insurance Company S.C.
CCompositeIndependentDomestic privateNBEPartial54 Confidence: Low
Lion Insurance Co
Registered as Lion Insurance Company S.C.
CCompositeIndependentDomestic privateNBEPartial—
Lucy Insurance
Registered as Lucy Insurance S.C.
CCompositeIndependentDomestic privateNBEPartial—
National Insurance Co of Ethiopia (NICE)
Registered as National Insurance Company of Ethiopia S.C.
CCompositeIndependentDomestic privateNBEPartial—
Nib Insurance Co
Registered as Nib Insurance Company S.C.
CCompositeIndependentDomestic privateNBEPartial—
Nile Insurance Co
Registered as Nile Insurance Company S.C.
CCompositeIndependentDomestic privateNBEPartial—
Nyala Insurance
Registered as Nyala Insurance S.C.
CCompositeMIDROCDomestic privateNBEPartial—
Oromia Insurance Co
Registered as Oromia Insurance S.C.
CCompositeIndependentDomestic privateNBEPartial—
Tsehay Insurance
Registered as Tsehay Insurance S.C.
CCompositeIndependentDomestic privateNBEPartial—
United Insurance Co
Registered as United Insurance Company S.C.
CCompositeIndependentDomestic privateNBEPartial—
Zemen Insurance
Registered as Zemen Insurance S.C.
CCompositeIndependentDomestic privateNBEPartial—
Ethiopian Reinsurance (Ethio-Re)State-owned
Established 2016
RReinsurerIndustry / governmentState-owned / parastatalNBEPartial—

Popularity is an estimate of how often people search Google for each insurer, from 0 to 100; the bars show how confident the estimate is. Not a rating of the insurer. How the index works

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