Eritrea · East Africa

National Insurance Corp of Eritrea (NICE)

Profile highlights

5 badges

Group spans 1 directory continent
Government of Eritrea: 1 markets across 1 directory continents (Asia-Pacific is one directory region). Group membership does not establish this entity’s policy availability.
Part of a group
Based on this profile’s recorded ownership data. Not an endorsement or a financial-strength rating.
Composite
Based on this profile’s recorded business data. Not an endorsement or a financial-strength rating.
State-owned / parastatal
Based on this profile’s recorded ownership data. Not an endorsement or a financial-strength rating.
Listed in Africa
Based on this profile’s recorded location data. Not an endorsement or a financial-strength rating.

Badge criteria

CComposite State-owned / parastatal Verified on statute; no register is published

Sole insurer

Official sources

Bank of Eritrea regulator profile

This directory holds no official website for National Insurance Corp of Eritrea (NICE): the Bank of Eritrea register does not publish one and no sourced profile has been accepted. The register is the authoritative record of who is licensed.

Business profile

Understanding National Insurance Corp of Eritrea (NICE)

Sources checked 2026-10-04

Local services and locations

NICE Eritrea presents general and life insurance and lists motor, marine, property/fire, general accident and travel services. Its company presentation identifies operations in Asmara, Massawa and Assab, with the head-office contact at NICE Building on Bdho Avenue in Asmara.

NICE Eritrea — services and locations

About composite business

The composite category combines life and non-life business within one insurer. Individual products can have different policy terms, service teams and claims requirements.

General guidance for the directory category. Specific products and terms must be confirmed with National Insurance Corp of Eritrea (NICE).

Explore the Eritrea insurance market or other entries in this category.

Questions to ask about cover

Which department handles the product I need?
What does the policy cover and exclude?
Which documents and notification deadlines apply to a claim?

For an existing policy, use the insurer and service contact named on your policy schedule. Have your policy reference and a short description of the enquiry ready.

Class of business: CompositeLicensed to write both life and non-life business under one entity.
Parent / group: Government of Eritrea
Ownership: State-owned / parastatalOwned wholly or partly by a national government or parastatal.Ownership is what the Bank of Eritrea register or workbook records. It does not by itself mean the government guarantees this insurer’s policyholder liabilities.
Regulator: Bank of Eritrea
Local currency: ERN
Source basis: Sole insurer by statute (Proclamation 20/1992); owner confirmation, 23 Sep 2026
Country verification: Verified - sole insurer by statute; no register is published · Proclamation 20/1992, which established the National Insurance Corporation of Eritrea (NICE) as the country's insurer; no other insurer is licensed. Confirmed by the owner on 23 Sep 2026 and consistent with the Library of Congress record of the Proclamation and with trade sources (Atlas Magazine, FAIR) describing NICE's monopoly. The Proclamation's own text was not read here (loc.gov is blocked by the egress policy).
Identifiers: slug eritrea-national-insurance-corp-of-eritrea-nice · row 395/api/v1/insurers/eritrea-national-insurance-corp-of-eritrea-nice.json