Ethiopia · East Africa · class C

Composite insurance companies in Ethiopia

18 licensed composite insurers, 95% of the 19 insurance entities supervised by the National Bank of Ethiopia. Licensed to write both life and non-life business under one entity.

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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—

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

About composite insurers in Ethiopia

How many composite insurers are licensed in Ethiopia?

18 of the 19 licensed insurance entities this directory lists in Ethiopia are classified as composite (95%). Partially verified against the regulator register.

Who regulates composite insurers in Ethiopia?

National Bank of Ethiopia (NBE). Regime: Insurance Business Proclamation 746/2012; market opening to foreign investors. Official website: https://nbe.gov.et.

Who owns the composite insurers in Ethiopia?

Of the 18 licensed composite insurers in Ethiopia, 17 are domestic private companies and 1 is state-owned or parastatal (Government of Ethiopia), as recorded in the register.

Data: /api/v1/countries/ethiopia.json (filter by class = "composite"). Licence CC BY 4.0, attribute KAFS North America.