With Renewed Commitment to Excel in the New Millennium!
Company Name: Awash Insurance Company S.C. (AIC)
On a sky blue circle background three letters
AIC (Awash Insurance Company) are engraved in white,on top of the middle letter there is
trifoliolate ,three leaves in green representing
bright future,growth and prosperity.
||The Awash Towers
Addis Ababa, Ethiopia
||Wherever there is Awash,there is safety,protection and peace of mind.|
WE CARE for our Customers!!
The Vision of Awash Insurance Company S.C,is " to be the leading and the best insurance service provider."
The Mission of Awash Insurance Company S.C,is to provide diversified general and long-term
insurance services to a continuously growing number of clients
efficiently, competitively and profitably supported by modern technology
as well as by well trained, professionally and socially responsible
team of management and employees.
- Commitment towards its clients.
- Commitment towards its staff.
- Providing a client focused marketing and claims service.
- A dynamism of management in reacting to fast-changing market conditions.
- Providing efficient claims and client service.
Aims and Objectives:
- Carry out all types of general and long-term insurance and reinsurance businesses in Ethiopia and abroad;
- Provide customers with clear, up-to-date and helpful professional advice in an easy way;
- Make sure that the protection provided is completely fit to the requirements of customers;
- Invest in businesses incidental to insurance in accordance with the law;
- Encourage society to help one another;
- Initiate, promote and uphold the actualization of
lucrative businesses by financing or investing in them to maximize the
- Work severally and hand-in-glove with all concerned to enhance the awareness about insurance among the general public;
- Facilitate, guarantee and help accelerate socio-economic development of the country in serving the economy as rear guard;
- And above all, contribute its part to the sustainable growth of the economy.
Founded: October 1, 1994.
January 2, 1995.
General Insurance and Long-term (Life) Insurance Business.
||A private share company with more than 741 individuals and corporate shareholders.
Business Partner(s) and Bankers:
i.Awash International Bank S.C, Our principal banker; AIC is
the leading shareholder in the Bank;
ii. United Bank S.C.
iii Wegagen Bank S.C.
iv.Commercial Bank of Ethiopia
v.Oromia Cooperative Bank S.C.
||Subscribed Capital, ETB 80,000,000.00
Paid-up capital, ETB 120 million.
Business Experience and Track Record:
Profitable throughout its years of service, with over 24% investment return on the average.
The New Headquarters of Awash Insurance
Company and its sister company, Awash International Bank.